Meta Fires Over 11,000 Employees
In the first mass layoff in the company’s history, Facebook parent company, Meta declared it will fire roughly 13% of its present workers. The first big layoff in the history of Facebook’s parent company, Meta, revealed that roughly 13% of its present personnel had been eliminated. CEO of Meta Mark Zuckerberg wrote a message to […]
Meta reportedly plans large-scale staff layoffs
According to reports, Facebook and Instagram’s parent company Meta are preparing for “large-scale layoffs” this week due to rising costs and a recent decline in its share price. The planned layoffs could affect thousands of workers across Meta’s 87,000-strong workforce, according to a Wall Street Journal (WSJ) report from Nov. 6 that cited people familiar […]
Facebook, Instagram now feature NFT crossposting and sharing
Meta recently revealed a new improvement that allows Facebook and Instagram users to connect wallets and share non-fungible tokens (NFTs) across 100 countries. Users will be able to cross-post digital collectibles between Facebook, and Instagram without incurring any fees as part of the functionality, which has been in testing since May. In August, Meta announced […]
Facebook, Instagram users can link digital wallets to post NFTs
Meta, the parent company of Facebook, and Instagram has announced that users of both platforms can now link their digital wallets to enable them to post non-fungible tokens (NFTs). Facebook’s parent company Meta said the social media network’s roughly 2.9 billion users would be able to share di gital collectibles and NFTs in an update […]
Novi, a Facebook app, poses new challenges for remittances
Last Monday, Facebook unveiled Novi, its long-awaited digital wallet, a blockchain-based platform aimed at disrupting the remittances market. Novi , which is now in beta, will let users transmit money from the United States to Guatemala using the stablecoin digital currency Pax Dollar, which they can store in a digital wallet and change into local […]