VENTURE CAPITAL POST

Meta’s Reality Labs has reported $45 billion in losses over the past four years due to chaotic management and frequent leadership changes. Further losses are expected as the division struggles in a competitive AR and VR market.

Seven West Media, one of Australia’s top media networks, announced that it would be laying off 150 of its staff due to weak advertising and as a way of preparing for the end of its commercial deal with social media giant Meta.

The Norwegian Consumer Council has filed a complaint against Meta over its plans to use the images and posts of users on Facebook and Instagram to train artificial intelligence (AI) models.

Meta has launched its first AI-driven ad targeting program for WhatsApp, marking a significant shift for the privacy-focused messaging app as announced by CEO Mark Zuckerberg at a conference in Brazil.

A Palestinian-American who previously worked for Meta filed a discrimination lawsuit in a California state court against his former employer for allegedly being biased in its handling of content related to the war in Gaza.

A New Mexico judge has ruled to remove Meta CEO Mark Zuckerberg from a child safety lawsuit.

Argentinian President Javier Milei is scheduled to meet several top-level Silicon Valley executives in the United States this week, including the bosses of Meta, Google, Apple, and OpenAI.

Elon Musk has revived his challenge to Mark Zuckerberg for a physical fight a day after the Meta CEO's 40th birthday.

Meta has decided to shut down its Workplace app to focus on AI and metaverse technologies. This move aligns with CEO Mark Zuckerberg's push for long-term investor patience amidst stock declines triggered by increased AI investment and slower sales growth.

Elon Musk, who owns the social media platform X, has criticized Meta for being "super greedy" in taking credit for advertisers running campaigns on its platform.

Mark Zuckerberg's fortune dropped by $22 billion in a single day, marking it as the fourth-largest billionaire decrease recorded by the Bloomberg Billionaires Index.

Mark Zuckerberg seeks investor patience as Meta continuously pushes for AI projects, despite warnings and premarket stock decline fueled by increased spending and slower sales growth.

Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion

Meta's fee-based privacy model, facing opposition from the EU's privacy watchdog, prompts criticism for requiring users to pay for privacy protection, with advocacy groups calling for clarity on the issue.

Meta CEO Mark Zuckerberg cleared of personal liability in child addiction lawsuits. US District Judge dismisses claims, emphasizing the necessity of a "special relationship" for liability. Meta remains liable, and lawsuits are ongoing.