Amazon’s devices and cloud gaming teams appear to have faced the deepest cuts so far as in the company’s round of mass layoffs, while employees in other divisions are considering buyout offers and anxiously awaiting updates. Within Alexa, which is part of the devices team, engineers working on artificial intelligence and machine learning were laid off, according to LinkedIn posts – as were...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
Rent the Runway Restructures Debt
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.