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Meta cut more than 11,000 jobs or 13% of its workforce in November

Meta planning another round of layoffs - report

Facebook parent Meta Platforms has delayed finalising the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported over the weekend.

Business • 13 Feb 23

Meta in January said it would lift Trump's suspension "in the coming weeks"

Meta restores Trump's access to Facebook, Instagram

Meta Platforms has restored former US President Donald Trump's access to Facebook and Instagram, Meta spokesperson Andy Stone confirmed today, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021.

Business • 09 Feb 23

Meta stock surged nearly 19% in after-hours trade on Wall Street last night

Meta stuns Wall St with lower costs and upbeat sales

Meta Platforms' stricter cost controls this year and a new $40 billion share buyback sent its shares soaring last night, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency."

Business • 02 Feb 23

Helen Dixon, Ireland's Data Protection Commissioner

'Significant' amount of money pending after Meta fines

The Irish Data Protection Commission (DPC) yesterday fined Facebook and Instagram a total of €390m after the conclusion of two inquiries into the platforms' parent company Meta.

Business • 05 Jan 23

A €210m fine has been imposed on Facebook, while Instagram has been hit with a €180m penalty by the DPC

Facebook & Instagram fined €390m by Irish data watchdog

The Irish Data Protection Commission has announced fines totalling €390 million against Facebook and Instagram following the conclusion of two inquiries into the platforms' parent company Meta.

Business • 04 Jan 23

Cambridge Analytica, now defunct, worked for Donald Trump's successful presidential campaign in 2016

Meta to settle Cambridge Analytica case for $725m

Facebook owner Meta Platforms has agreed to pay $725m to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information.

Business • 23 Dec 22

Facebook-owner Meta already has two large data centres in Odens

Meta halts construction of two data centres in Denmark

Meta Platforms has halted construction of two data centres in Odense, Denmark, and will instead focus on a new type of data centre used for artificial intelligence (AI), a spokesperson said on Thursday.

Business • 15 Dec 22

The board ruled the EU privacy law does not allow Meta's social media platforms to use their terms of service as a justification to permit advertising based on online activity

EU raises concerns over Meta's targeted ad model

European Union regulators have ruled Meta Platforms should not require users to agree to personalised ads based on their digital activity, the Wall Street journal reported, citing people familiar with the decision.

Business • 06 Dec 22

Facebook owner Meta has been found to be in breach of Article 25 of GDPR rules by the Irish Data Protection Commission

Meta fined €265m by Irish watchdog for data breach

Facebook parent company Meta has been fined €265 million by the Irish Data Protection Commission (DPC) following a data breach which saw the personal details of hundreds of millions of Facebook users published online.

Business • 28 Nov 22

The surge in revenues was attributable to growth in advertising revenue

Meta Ireland ups provision for regulatory fines by €2bn

Pre-tax profits at the social media giant that operates Facebook last year increased by 33% to €1.184bn on the back of record revenues.

Business • 25 Nov 22

European Commissioner for Justice Didier Reynders will hold two days of meetings in Dublin

EU to warn Twitter and Facebook in Dublin visit

European Union justice commissioner Didier Reynders will travel to Ireland tomorrow to meet executives from Twitter and Facebook's owner Meta and remind them of their responsibilities under EU rules.

World • 23 Nov 22

Around 3,000 people are directly employed by Meta in Ireland

350 Irish Meta jobs at risk as firm cuts jobs worldwide

Around 350 Irish-based employees are at risk of losing their jobs at Facebook parent company Meta.

Ireland • 09 Nov 22

Meta reported more than 87,000 employees at the end of September

Meta set to begin laying off employees

Meta Platforms Inc will begin laying off employees tomorrow morning, Chief Executive Mark Zuckerberg told hundreds of executives today, the Wall Street Journal reported.

World • 08 Nov 22

Chief executive Mark Zuckerberg warned last month that some teams would stay flat or shrink over the next year

Meta planning large-scale job cuts this week - report

Facebook parent Meta is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal has reported citing people familiar with the matter.

Business • 07 Nov 22

The bleak forecast knocked about $67 billion off Meta's stock market value in extended trade

Meta stock slumps nearly 20% over bleak forecast

Facebook parent Meta Platforms last night forecast a weak fourth quarter and significantly more costs next year.

Business • 27 Oct 22

A group of avatars in Accenture's metaverse, called 'the Nth Floor'

Metaverse: Passing fad or next big thing?

Facebook's parent company Meta made a series of announcements this week on the development of the 'metaverse', a virtual reality world that allows people to meet and interact in interconnected 3D digital spaces.

Analysis and Comment • 14 Oct 22

The Facebook investigation was launched in April 2021 after media reports highlighted that personal data of Facebook users had been made available on the internet

DPC's draft decision on Meta after Facebook data probe

The Irish Data Protection Commission (DPC) has submitted a draft decision in a large scale inquiry into Facebook parent company Meta.

Business • 03 Oct 22

The DPC fined the social media platform for breaches relating to the processing of children's data earlier this month

Meta lodges appeal against record €405m Instagram fine

Meta, the parent company of Facebook and Instagram, has lodged an appeal in the High Court against a record fine of €405m imposed on Instagram by the Irish Data Protection Commission.

Business • 30 Sep 22

Soaring inflation, geopolitical unrest, rising energy costs, fears of a global recession and stock market sell-offs have led many tech firms to reign in their spending

Tech slowdown: warning sign or temporary blip?

At the start of this year, the biggest recruitment problem facing the tech sector in Ireland was a shortage of talent.

Business • 18 Sep 22

The offering will help Meta to build a more traditional balance sheet and fund some expensive initiatives, such as its metaverse virtual reality

Meta raises $10 billion in first ever bond offering

Facebook-parent Meta Platforms has raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

Business • 10 Aug 22

Shares of the Menlo Park, California-based company were down about 4.6% in extended trading.

Meta posts first-ever revenue drop

Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.

Business • 28 Jul 22

The Meta report covers due diligence performed in 2020 and 2021

Meta releases first human rights report

Facebook-owner Meta has today released its first annual human rights report, following years of accusations that it turned a blind eye to online abuses that fueled real-world violence in places like India and Myanmar.

Business • 14 Jul 22

Disneyland has about 8.4 million followers on Instagram.

Disneyland's Facebook, Instagram accounts hacked

Disneyland Resort's Facebook and Instagram accounts were hacked yesterday with a series of inappropriate posts that were subsequently taken down, Walt Disney said.

Business • 08 Jul 22

The DPC is the EU's lead regulator of Meta and many other of the world's largest technology companies due to the location of their EU headquarters in Ireland

DPC closer to possible ban on Facebook EU-US flows

Ireland's data privacy regulator moved a step closer to a ruling that could halt EU-US data transfers by Meta-ownedFacebook and Instagram when it shared an updated draft order with other EU regulators today, a spokesperson said.

Business • 07 Jul 22

Meta has cut its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers

Meta slashes hiring plans, eyes 'fierce' headwinds

Facebook-owner Meta Platforms has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg has told employees, as he warned them to brace for a deep economic downturn.

Business • 01 Jul 22