Listen to the Facebook (META) Q1 2023 earnings call here
Here's how you can tune into Facebook's (META) Q1 2023 earnings call.
Facebook (META) could launch another social network to compete with Twitter
The platform would be a standalone app and is reportedly being led by Instagram head Adam Mosseri.
Facebook (META) allegedly planning further layoffs as early as this week
Even after a mass layoff late in 2022, thousands of further jobs at the Meta company may be on the line this week as the company continues to cut costs.
Facebook (META) currently losing money on Reels despite the feature’s popularity
Mark Zuckerberg revealed that while Reels is a popular feature, the company needs to improve its 'monetization efficiency' to better capitalize on its popularity.
Facebook (META) announces $40 billion increase to share buyback program
In its Q4 earnings report, Facebook announced an increase to its share buyback program.
Facebook Reality Labs lost $13.7 billion in 2022
In addition to losing money, Reality Labs employees were among those affected by layoffs during Q4 2022.
Facebook (META) to host Notorious B.I.G. VR concert in attempt to make Horizon Worlds appear cool
Meta and Facebook platforms will host a VR concert which includes a 'hyperrealistic' avatar of deceased rapper Biggie Smalls.
Facebook (META) to lay off 11,000, including Reality Labs employees
In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.
Facebook (META) stock’s 73% collapse makes it the S&P 500’s worst performer in 2022
The company is now the worst S&P 500 performer for 2022.
Facebook (META) confirms next Quest HMD consumer model will be revealed in 2023
Mark Zuckerberg confirmed in Meta's Q3 2022 earnings results and conference call that the next consumer-oriented Meta Quest HMD is in development.