Meta, the parent company of Facebook and Instagram, has laid off more than 2,400 employees across its Menlo Park and Sunnyvale offices as part of a workforce reduction announced in April. The layoffs primarily affected software engineers working on AI-driven business products, reflecting the company's shift towards AI technologies. Employees will receive severance pay based on their tenure, and Meta is reallocating resources to focus on critical business priorities. This move is part of a broader trend in the tech industry, with over 140,000 tech jobs cut this year due to AI-driven restructuring, impacting other major companies like Intuit, Cisco, and LinkedIn.
The Vanguard S&P 500 ETF (VOO) is on track to become the first ETF to surpass $1 trillion in assets under management, driven by $250 billion growth in 2025 alone. This milestone underscores strong investor demand for low-cost, broad-market index fund...
Meta Platforms announced a quarterly cash dividend of $0.525 per share for its Class A and Class B common stock. The dividend will be paid on June 25, 2026, to shareholders recorded as of June 15, 2026. This move reflects Meta's ongoing commitment to...
Meta Platforms announced a quarterly cash dividend of $0.525 per share for both Class A and Class B common stock. The dividend will be paid on June 25, 2026, to shareholders recorded by the close of business on June 15, 2026. This move reflects Meta'...
The National Crime Prevention Council (NCPC) has called on lawmakers to reject the House's Kids Internet and Digital Safety Act (H.R. 7757), criticizing it as insufficient for protecting children online. NCPC argues the bill weakens state powers and ...
Nvidia CEO Jensen Huang has joined the advisory board of Tsinghua University’s School of Economics and Management in Beijing, strengthening ties with China despite ongoing US-China tensions. Tsinghua is a prestigious university closely linked to Chin...
