Facebook owner Meta cuts 11,000 jobs — 13% of workforce
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
Meta
Mass layoffs at Facebook parent company Meta
Facebook's parent company, Meta, announced on Wednesday that it is laying off more than 11,000 employees, or about 13% of its staff. Ben Bergman, a senior correspondent at Insider, Inc., discusses the tech giant's tumultuous year and uncertain future on CBS News.
Meta laying off over 11,000 workers
Meta, the parent company for Facebook and Instagram, has announced it is laying off about 13% of its workforce. Richard Lawler, a senior editor at The Verge, joined "CBS News Mornings" to discuss.
Twitter delisted from New York Stock Exchange
Elon Musk has taken Twitter private. The new CEO now no longer has to share financial information for the social media company, and shareholders have been paid out. Louise Matsakis joins "CBS News Mornings" to explain what this means for the company and other trends in the social media industry.
Twitter employees brace for layoffs
More than 7,500 Twitter employees brace for layoffs amid Elon Musk takeover. This comes as other technology companies prepare to slash their workforces. Chief Media Correspondent for Business Insider Claire Adkinson joins CBS News Mornings with the latest.
Meta's value has plunged by $700 billion since last year
A year ago, Facebook's parent company was worth $1 trillion. But a risky bet on the metaverse has investors worried.
Meta reports another revenue decline
Facebook parent company Meta posted its third quarter earnings on Wednesday. While they were slightly above Wall Street analysts' expectations, they marked a revenue decline for the second straight quarter. Daniel Howley, a tech editor for Yahoo Finance, joins CBS News' John Dickerson to discuss.
Bracing for Elon Musk's Twitter acquisition
Elon Musk has until October 28 to finalize his deal to purchase Twitter as shareholders and current employees brace themselves what's next for the social media giant. Brent Thill, managing editor and tech analyst for Jefferies, joins "CBS News Mornings" with the latest.
Global WhatsApp outage resolved
Meta, WhatsApp's parent, said it restored service on the messaging app. A widespread outage turned out to be brief.
Biden on Putin and nuclear arms in Ukraine
President Biden says he doesn’t think Russian President Vladmir Putin will use a tactical nuclear weapon in the war with Ukraine. Facebook parent Meta unveiled a virtual reality headset with a $1,500 price tag. And the formal coronation of Britain's King Charles III has been set for May 6.
Meta unveils $1,500 headset that seeks to make virtual reality seem more real
Meta hopes its new Quest Pro headset takes the metaverse to the next level with home and office workers.
Meta announces its first hiring freeze
Meta, the parent company of Facebook, is announcing a hiring freeze for the first time as its stock down is down 60% this year. This comes as more tech companies are laying off staff due to market slowdown. Business Insider reporter Samantha Delouya joins "CBS News Mornings" with the latest.
Meta is laying people off for the first time in its history
With its stock down 60% this year, Meta is cutting costs as it tries to convince investors that its Metaverse pivot will succeed.
U.K. inquest finds "online content" partly to blame for teen's suicide
Coroner concludes 14-year-old Molly Russell "died from an act of self-harm while suffering from depression and the negative effects of online content."
MoneyWatch: Stocks swing on earnings reports
Major stock indexes ended Wednesday mostly flat despite gains early in the day. Wall Street Journal reporter Caitlin McCabe joins CBS News at the closing bell to discuss what is driving the market.
Backlash over Instagram changes
Instagram's parent company faced backlash after announcing changes that would make the app more similar to TikTok. The company has backtracked on some of the updates. CBS News tech reporter Dan Patterson joins us to discuss.
Facebook parent Meta posts first revenue drop in company's history
"Questions about Meta's leadership" contributed to the decline, said Raj Shah, a managing partner at Publicis Sapient.
7/26: CBS News Mornings
Wildfires ravage parts of California and Texas; Pope makes apology to Indigenous people in Canada
TechWatch: Tech companies upping layoffs
Technology companies have increasingly laid off workers in recent months. CBS News tech reporter Dan Patterson dives into the pattern of more layoffs and slower hiring.
Head of Instagram on new safety features
The new features are available for Instagram users in the U.S. starting Tuesday.
TechWatch: Sandberg steps down, Musk cracks down
Longtime Meta COO Sheryl Sandberg is leaving Facebook's parent company after 14 years. Meanwhile, Elon Musk is giving his employees an ultimatum on remote work. CBS News tech reporter Dan Patterson breaks down the biggest stories in tech.
Sheryl Sandberg leaving Facebook parent company Meta
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Sheryl Sandberg leaving Meta
Sheryl Sandberg is stepping down as the chief operating officer at Facebook's parent company, Meta. She has been with the social media company for 14 years and will continue to serve on the company's board.
Mark Zuckerberg sued over Cambridge Analytica
Washington D.C. attorney general Karl Racine is suing Meta CEO Mark Zuckerberg over his alleged involvement in the Cambridge Analytica scandal. The lawsuit accuses Zuckerberg of directly participating in decision-making that allowed the Trump-allied political consulting firm to steal personal data of millions of Facebook users. CBS News tech reporter Dan Patterson joins Tanya Rivero and Tony Dokoupil with details.
California lawmakers push sweeping changes to kids' privacy online
Modeled after new U.K. regulations, the bill sets strict new rules for social-media apps used by kids and teens.
Charlie Kirk shooting suspect in custody after manhunt, officials announce
Conservative activist Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University. Officials say a suspect is now in custody.
Suspect arrested in Charlie Kirk killing confessed to father, officials say
A person has been arrested in connection with the shooting that killed conservative activist Charlie Kirk, sources said.
ICE agent shoots, kills man in Chicago suburb; agent also injured
An ICE agent shot and killed a man in Franklin Park, Illinois, Friday morning after authorities say he attempted to drive into agents as they tried to make an arrest.
Erika Kirk speaks out for first time since Charlie Kirk shooting
Erika Kirk, the widow of Charlie Kirk, speaks out for the first time since her husband's death on Wednesday.
Secret Service puts agent on leave who wrote negative post about Charlie Kirk
A U.S. Secret Service agent who wrote a negative social media post about Charlie Kirk has been put on leave, U.S. officials said Friday.
AI fuels false claims after Charlie Kirk's death, analysis reveals
X's AI chatbot Grok, the AI-search engine Perplexity and Google's AI summaries all provided false information in the aftermath of Charlie Kirk's assassination.
Charlie Kirk shooting suspect is in custody. Here's what we know.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
Missouri lawmakers pass GOP redistricting plan backed by Trump
Missouri is the third state to seek to redraw its congressional maps ahead of next year's midterms.
Uber denies rides to passengers with disabilities, Justice Department says
The Justice Department filed a $125 million lawsuit against Uber, alleging the company discriminates against disabled passengers.