An MP has accused Meta of turning Facebook Messenger into "Jeffrey Epstein's private island" by enabling end-to-end encryption.
When a company's management decides to split its stock, this usually comes after a strong run-up in the price of its shares. While it won't change any of the underlying fundamentals of investing in the company, the split can signal confidence from management that the price of shares is justified and could continue to climb higher.
Artificial intelligence (AI) has started moving the needle for many companies that have been integrating this technology into their businesses or are offering AI-focused solutions to their customers, and that's not surprising as AI is expected to drive productivity gains in the industries where it is being deployed.
Meta Platforms (META -1.62%) demonstrated exceptional financial strength in the fourth-quarter fiscal 2024 (ending Dec. 31, 2024) on Jan. 29, with revenues and earnings surpassing analyst consensus expectations.
For years, Meta employees have internally discussed using copyrighted works obtained through legally questionable means to train the company's AI models, according to court documents unsealed on Thursday.
Meta, the parent company of Facebook and Instagram, announced that it approved a change to its bonus policy for executives other than the CEO that will raise payouts from 75% to 200%.
Just a week after slashing its workforce by roughly 5%, or 3,600 employees, Meta has greenlit a compensation plan that could see its top executives pocketing bonuses of up to 200% of their base salaries.
The internet was a groundbreaking innovation that created new markets and opportunities. Today, artificial intelligence (AI) is doing the same.
Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce. According to a corporate filing on Thursday, Meta's board approved an increase in the target bonus percentage for its executive compensation plan.
Meta approved a plan that would allow executives to earn a bonus of up to 200% of their base pay. The move comes the same month the company aims to reduce its workforce by about 4,000 employees.
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