Tag: Mark Zuckerberg

Elon Musk and Mark Zuckerberg

Elon, Mark’s War Of Words Over Cage Fight Escalates

By LokMarg

Seems like tech billionaires Elon Musk and Mark Zuckerberg are not on the same page regarding their cage fight.

A day after Tesla CEO Musk claimed that his and Zuckerberg’s fight will be live-streamed on X as well as Meta’s platforms and will likely take place in Italy, the Meta owner dropped a statement on Threads.

He requested netizens not to buy into whatever the Tesla CEO says.

“I love this sport and I’ve been ready to fight since the day Elon challenged me. If he ever agrees on an actual date, you’ll hear it from me. Until then, please assume anything he says has not been agreed on,” Zuckerberg wrote.

Zuckerberg further said that was not holding his breath for Musk and will share the details of the fight when he is ready.

He added, “Not holding my breath for Elon, but I’ll share details on my next fight when I’m ready. When I compete, I want to do it in a way that puts a spotlight on the elite athletes at the top of the game. You do that by working with professional orgs like the UFC or ONE to pull this off well and create a great card.”

Musk took notice of Zuckerberg’s post and reacted to it with a series of tweets.

“If Zuck my really wants a lesson in why there are weight categories in fighting so badly, I could just head over to his house next week and teach him a lesson he won’t soon forget…Otherwise, we will do it as soon as the arena in Italy is ready,” Musk wrote.

“Or we could do both and consider next week just a practice session,” he added.

It is to be noted that the tech billionaires agreed to a “cage match” face-off in late June. It all began when Musk tweeted that he would be “up for a cage match” with Zuckerberg, who has trained in jiujitsu.

The exchanges have gone viral with social media users debating who would win the bout, while others have posted memes including mocked-up posters advertising the fight. (ANI)

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Meta Influence Campaigns

Meta Prepares For Large-Scale Layoffs This Week

By LokMarg

Facebook parent Meta is preparing for large-scale layoffs this week which is expected to affect many thousands of its workforce.

In a recent spate of tech job cuts after the industry’s rapid growth during the pandemic, Meta Platforms Inc is planning to begin large-scale layoffs this week, according to people familiar with the matter, reported The Wall Street Journal (WSJ).
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people familiar with the matter.

Meta reported having more than 87,000 employees at the end of September. Company officials already told employees to cancel non-essential travel beginning this week, the people said.

The planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history. The number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment, reported WSJ.

The Wall Street Journal reported in September that Meta was planning to cut expenses by at least 10 percent in the coming months, in part through staff reductions.

The cuts are expected to be announced this week following several months of more targeted staffing reductions in which employees were managed out or saw their roles eliminated.

“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Mark Zuckerberg told employees at a companywide meeting at the end of June.

Meta, like other tech giants, went on a hiring spree during the pandemic as life and business shifted more online. It added more than 27,000 employees in 2020 and 2021 combined and added a further 15,344 in the first nine months of this year–about one-fourth of that during the most recent quarter.

A spokesman for Meta declined to comment, referring to Chief Executive Mark Zuckerberg’s recent statement that the company would “focus our investments on a small number of high-priority growth areas.”

“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year,” he said on the company’s third-quarter earnings call on October 26.

“In aggregate, we expect to end 2023 as either roughly the same size or even a slightly smaller organization than we are today,” he added.

Meta’s stock has fallen more than 70 per cent this year. The company has highlighted deteriorating macroeconomic trends, but investors have also been spooked by its spending and threats to the company’s core social-media business, reported WSJ.

Growth for that business in many markets has stalled amid stiff competition from TikTok, and Apple Inc.’s requirement that users opt into the tracking of their devices has curtailed the ability of social media platforms to target ads. (ANI)

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