Meta | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Meta builds technologies that help people connect, find communities, and grow businesses. Originally launched as Facebook in 2004,...
Meta builds technologies that help people connect, find communities, and grow businesses. Originally launched as Facebook in 2004, the company has evolved to include apps like Messenger, Instagram, and WhatsApp, and is now focusing on immersive experiences such as augmented and virtual reality. Meta aims to create a safe online space that fosters community and constructive conversations.
Website
Headquarters
Menlo Park, CA
Size
10,001+ employees
Industry
Software Development
Specialities
Connectivity, Artificial Intelligence, Virtual Reality, Machine Learning, Social Media, Augmented Reality, Marketing Science, Mobile Connectivity, Open Compute, Metaverse
🛍️ Meta Product and Pricing News →
👔 Meta CEO, Management and Leadership Team →
⚔️ Meta Alternatives and Competitors →
💼 Meta Hiring and Layoffs →
🤖 Meta Developer, Integration and Automation News →
📈 Meta Financials, Fundraising and Valuation News →
🛍️ Meta Product and Pricing News
- On December 5, Meta launched 'Shattered,' a mixed reality escape room game on Meta Quest 3 and Quest 3S, developed with PlaySide Studios and available with a Meta Quest+ subscription for a limited time.
- Meta updated Instagram broadcast channels to help creators engage and grow their audiences with new features like replies, prompts, and insights.
- Meta has released the Meta Quest 3S, a new virtual reality headset.
- Mark Zuckerberg has fully rebuilt Meta around its open-source generative AI model Llama, which has helped the company catch up with competitors like OpenAI's GPT-4.
- Mark Zuckerberg has pivoted Meta towards generative AI by rebuilding the company around Llama, an open-source AI model, marking a significant strategic shift and challenging OpenAI's dominance.
- Meta launched an audio transcription feature for WhatsApp, as announced by Guilherme Horn, Head of WhatsApp for Strategic Markets.
- The European Commission fined Meta CEO Mark Zuckerberg 798 million euros for violating competition rules with its advertising service.
- Meta's Llama, an autoregressive language model, is being used in a new method to enhance text classification by integrating it with autoencoder models.
👔 Meta CEO, Management and Leadership Team
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VP & Chief AI Scientist
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Chief-of-staff of VP Southern Europe
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Chief Ethicist, Meta
[email protected] -
Product Marketing Director, Advertising Products[email protected]
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Chief Diversity Officer[email protected]
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Chief Strategy Officer[email protected]
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Chief Legal Officer[email protected]
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Vice President, Meta Reality Labs[email protected]
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Vice President, Business & Engineering Communications[email protected]
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President, Global Affairs[email protected]
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Vice President, Corporate Marketing[email protected]
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Vice President, Product Management
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CTO[email protected]
⚔️ Meta Alternatives and Competitors
- Microsoft |
- Amazon Web Services (AWS) |
- IBM |
- Oracle |
- Salesforce |
- Gupshup |
- Creative Virtual |
- Snapchat |
- X (formerly Twitter) |
- TikTok |
- YouTube |
- Tencent |
- Apple |
- Cisco |
- eBay |
- Discord |
- Alibaba Group |
- Uber Technologies |
- Booking |
- MercadoLibre |
- Equinix |
- huggingface.co |
- openai.com |
- notion.so |
- figma.com
💼 Meta Hiring and Layoffs
- Kashif Razzaqui has left Meta as a Senior Staff Software Engineer in the United Kingdom to become the Chief Technology Officer at a Stealth AI Startup.
- Saikat Sen has joined Meta as AI/ML Leadership in the United States, previously serving as Founder & CEO at Stealth AI Startup.
- Yann LeCun, VP & Chief AI Scientist at Meta, is an advisor for Nabla.
- Yann LeCun, chief AI scientist for Meta, is an advisor at Ataraxis and contributed to developing its technical approach.
- Beibit Baktygaliyev has left Meta as a Sr Machine Learning Engineer in the United Kingdom to become the Chief Technology Officer at Global Optima Technologies.
- Meta is expanding its Wearables art team in Burlingame, NYC, and Seattle by hiring Art Managers and a Creative Director, as announced by Joshua To, VP of Product Design, AR, AI & Wearables.
- Jay Ferguson has joined Meta as the Global Content Marketing Lead in the United States, previously serving as the Global Business Marketing Manager, Commerce Solutions at Facebook.
- Leigh Thomas has left Meta as VP, EMEA, Enterprise Partnerships, Vertical Acceleration to join Intuit as VP, EMEA in the United Kingdom.
🤖 Meta Developer, Integration and Automation News
- Meta partnered with ENGIE on a 260 MW renewable energy project to support its net zero goals.
- Meta partners with the NBA to offer an immersive virtual reality experience through Meta Quest devices, allowing fans to watch games with multiple viewing angles and interactive features.
- Meta has partnered with 13 universities in the U.S. and U.K. to test a new VR product for education and launched its 'digital twin' metaversity program in Europe, starting with the University of Leeds, University of the Basque Country, and University of Hannover.
- Meta announced it will make its Llama open-source models available for use by the U.S. government, partnering with companies like Booz Allen, Accenture, Microsoft, Oracle, Scale AI, Anduril, and Lockheed Martin.
- Meta, in collaboration with GelSight, has developed the Digit 360 tactile sensor to enhance robot dexterity and interaction by precisely capturing touch data.
- Meta has formed a strategic partnership with Cornerstone OnDemand to enhance immersive learning and extended reality using artificial intelligence.
- Meta has partnered with Wrexham AFC to sponsor their men's and women's soccer teams with Meta Quest branding on the back of their shirts until the 2025/26 season.
- Lumen secured a major datacentre interconnect contract from Meta.
📈 Meta Financials, Fundraising and Valuation News
- Meta's Q3 2024 earnings call revealed that WhatsApp handles 2 billion calls daily and over a million advertisers used its Gen AI tools to create 15 million ads last month.
- Meta's non-advertising revenue has surged by 48% year-over-year, primarily driven by WhatsApp's business messaging product.
- Meta reported a 19% year-on-year increase in Q3 revenue to $40.59 billion and a 35% rise in net income to $15.69 billion, driven by AI advancements, according to CEO Mark Zuckerberg.
- Meta's Reality Labs division is incurring significant losses, with $4.5 billion lost in Q2 2024 and projected expenses of $96 billion for the year, due to ongoing investments in metaverse development.
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