Meta has resolved a major child safety lawsuit in the US, including Facebook and Instagram, reaching an $18 billion settlement with 29 American states, with accusations that the platforms could harm children and teenagers. The case was brought by state attorneys general from 29 states, and the legal action related to the development was led by attorneys general from states including California, Colorado, Kentucky and New Jersey. The states accused Meta of designing features that prompt children to scroll through the accounts on the app or website. They claimed that the social media giant Facebook and Instagram used features that were “harmful and psychologically manipulative” and were designed to keep young users spending more time on the platforms. The states additionally accused Meta of failing to adequately safeguard the privacy of minors, arguing the company violated privacy protections owed to children and teenage users across its platforms. A further central claim concerned how Meta reported on user experiences: the states alleged the company published reports that were "profoundly misleading," understating how often users on Instagram and Facebook encountered negative experiences.&nbsp;Also read: <a href="https://www.wionews.com/world/2-3rd-of-glacier-detached-collapsed-isro-satellite-images-reveal-what-triggered-nepal-floods-1787808292941">2/3rd of glacier detached, collapsed: ISRO satellite images reveal what triggered Nepal floods</a><h3>What rules changed for children?</h3>Had the lawsuit proceeded to the maximum possible penalties, Meta could have faced a far steeper financial toll, as much as $1.4 trillion, according to The Wrap. Under the settlement, Meta must now implement new protections for teenage users, including daily time limits on platform use. Per the BBC, the court judgment mandates these restrictions. Meta will also be required to institute nighttime blackout periods restricting teens' access to Facebook and Instagram during certain hours. Notably, the settlement doesn't constitute an admission of guilt; Meta has denied the allegations and did not accept responsibility for the claims as part of the agreement. The case carries broader significance as a marker of mounting pressure on one of the world's largest social media companies over child-safety practices, and may serve as a template for how US states push social platforms toward stronger protections for younger users. The settlement unfolded after years of escalating concerns about children on social media. All the regulators and lawmakers have increasingly emphasised that Facebook and Instagram about enough protection of teenagers from harmful content, excessive screen time and privacy risks.

The US states claimed that the social media giant Facebook and Instagram used features that were “harmful and psychologically manipulative” and were designed to keep young users spending more time on the platforms.

Meta has resolved a major child safety lawsuit in the US, including Facebook and Instagram, reaching an $18 billion settlement with 29 American states, with accusations that the platforms could harm children and teenagers. The case was brought by state attorneys general from 29 states, and the legal action related to the development was led by attorneys general from states including California, Colorado, Kentucky and New Jersey. The states accused Meta of designing features that prompt children to scroll through the accounts on the app or website. They claimed that the social media giant Facebook and Instagram used features that were “harmful and psychologically manipulative” and were designed to keep young users spending more time on the platforms. The states additionally accused Meta of failing to adequately safeguard the privacy of minors, arguing the company violated privacy protections owed to children and teenage users across its platforms. A further central claim concerned how Meta reported on user experiences: the states alleged the company published reports that were "profoundly misleading," understating how often users on Instagram and Facebook encountered negative experiences. Also read: 2/3rd of glacier detached, collapsed: ISRO satellite images reveal what triggered Nepal floods What rules changed for children? Had the lawsuit proceeded to the maximum possible penalties, Meta could have faced a far steeper financial toll, as much as $1.4 trillion, according to The Wrap. Under the settlement, Meta must now implement new protections for teenage users, including daily time limits on platform use. Per the BBC, the court judgment mandates these restrictions. Meta will also be required to institute nighttime blackout periods restricting teens' access to Facebook and Instagram during certain hours. Notably, the settlement doesn't constitute an admission of guilt; Meta has denied the allegations and did not accept responsibility for the claims as part of the agreement. The case carries broader significance as a marker of mounting pressure on one of the world's largest social media companies over child-safety practices, and may serve as a template for how US states push social platforms toward stronger protections for younger users. The settlement unfolded after years of escalating concerns about children on social media. All the regulators and lawmakers have increasingly emphasised that Facebook and Instagram about enough protection of teenagers from harmful content, excessive screen time and privacy risks.

The US states claimed that the social media giant Facebook and Instagram used features that were “harmful and psychologically manipulative” and were designed to keep young users spending more time on the platforms.

Meta reaches $18 bn settlement over child safety claims on Facebook, Instagram: Check new rules for teens

Meta has been ordered to pay another $567 million after a US judge ruled against the company over allegations that its social media platforms exposed children to harmful content and failed to adequately protect young users.&nbsp;Judge Bryan Biedscheid issued the ruling in New Mexico on Thursday, adding to the legal and regulatory pressure facing Meta over how Facebook and Instagram are designed and how they protect children from harmful content, sexual exploitation and potentially addictive use.&nbsp;The latest ruling follows a $375 million fine imposed in March in the same case. A jury had found Meta liable for making young users vulnerable to predators on its platforms. Meta has said it will appeal the latest decision.&nbsp;The ruling also comes as more than 30 US states pursue similar lawsuits against Meta. The cases allege that the company's platforms have harmed children and put their mental health at risk.Meta ordered to fund mental health programmes&nbsp;Around three-fourths of the $567 million payment will go towards a mental health treatment fund. Meta will make the payments over five years.&nbsp;The remaining amount will fund programmes focused on "awareness and prevention" of potential dangers to young people. It will also support measures to ensure Meta carries out the changes ordered by the court.&nbsp;The company had already been found guilty in March of violating New Mexico's Unfair Practices Act by misleading consumers about the safety of its products for children.&nbsp;The court also ordered Meta to limit some features for children on Facebook and Instagram. The ruling said the company had created a "public nuisance" that endangered young users.&nbsp;It was the first time a US court had found a social media company guilty of creating a "public nuisance" in a case involving alleged harm to children.&nbsp;Also Read: <a href="https://www.wionews.com/world/pok-polls-pakistan-postpones-third-phase-voting-amid-ongoing-unrest-1786113957329">PoK polls: Pakistan postpones third phase voting amid ongoing unrest</a><h2>Growing legal pressure on social media companies</h2>The ruling comes as several US states continue to pursue cases against major social media companies over alleged harm to children and their mental health.&nbsp;In July, a US teenager dropped a lawsuit against Meta shortly before the trial was due to begin after reaching confidential settlements with Meta, YouTube, TikTok and Snap.&nbsp;A separate trial over social media's impact on mental health ended in March. A Los Angeles jury ordered Meta and Google to pay $6 million to a 20-year-old woman.&nbsp;In May, Meta, Snap, TikTok and YouTube also reached confidential settlements with a Kentucky school district.

Meta faces fresh legal pressure in the US after a judge ruled that its platforms exposed children to harmful content and failed to adequately protect young users.

Meta has been ordered to pay another $567 million after a US judge ruled against the company over allegations that its social media platforms exposed children to harmful content and failed to adequately protect young users. Judge Bryan Biedscheid issued the ruling in New Mexico on Thursday, adding to the legal and regulatory pressure facing Meta over how Facebook and Instagram are designed and how they protect children from harmful content, sexual exploitation and potentially addictive use. The latest ruling follows a $375 million fine imposed in March in the same case. A jury had found Meta liable for making young users vulnerable to predators on its platforms. Meta has said it will appeal the latest decision. The ruling also comes as more than 30 US states pursue similar lawsuits against Meta. The cases allege that the company's platforms have harmed children and put their mental health at risk. Meta ordered to fund mental health programmes Around three-fourths of the $567 million payment will go towards a mental health treatment fund. Meta will make the payments over five years. The remaining amount will fund programmes focused on "awareness and prevention" of potential dangers to young people. It will also support measures to ensure Meta carries out the changes ordered by the court. The company had already been found guilty in March of violating New Mexico's Unfair Practices Act by misleading consumers about the safety of its products for children. The court also ordered Meta to limit some features for children on Facebook and Instagram. The ruling said the company had created a "public nuisance" that endangered young users. It was the first time a US court had found a social media company guilty of creating a "public nuisance" in a case involving alleged harm to children. Also Read: PoK polls: Pakistan postpones third phase voting amid ongoing unrest Growing legal pressure on social media companies The ruling comes as several US states continue to pursue cases against major social media companies over alleged harm to children and their mental health. In July, a US teenager dropped a lawsuit against Meta shortly before the trial was due to begin after reaching confidential settlements with Meta, YouTube, TikTok and Snap. A separate trial over social media's impact on mental health ended in March. A Los Angeles jury ordered Meta and Google to pay $6 million to a 20-year-old woman. In May, Meta, Snap, TikTok and YouTube also reached confidential settlements with a Kentucky school district.

Meta faces fresh legal pressure in the US after a judge ruled that its platforms exposed children to harmful content and failed to adequately protect young users.

‘Public nuisance’: Meta hit with $567 million penalty over child safety in US

Arvind Kejriwal claims Meta restricted his account in India, asks Zuckerberg's firm not to 'bow down' to PM ModiAam Aadmi Party (AAP) national convener Arvind Kejriwal on Thursday (Aug 6) alleged that Meta had restricted his account in India without any explanation, accusing the social media giant of yielding to political pressure from Prime Minister Narendra Modi's government.The former Delhi chief minister said repeated attempts to seek clarification from Meta had gone unanswered and urged the company to explain why his account had allegedly become inaccessible to users in India. This comes as the AAP leader continues his active campaign against the government's E20 ethanol blending in petrol. He has raised questions on the safety and scientific backing of the E20 fuel, and has raised alarms about potential extension to aviation fuel. &nbsp;<h2>Kejriwal alleges account was restricted</h2>In a post on X, Kejriwal claimed that verbal inquiries at Meta's India office confirmed that his account had been restricted within the country, but that company officials neither explained the reason nor suggested how the restriction could be lifted."Hi @Meta @metaindia Why have you restricted my account? Verbal enquiries at your India office revealed that my account has been restricted in India and is unavailable in India. Why? No one in your office is giving any reasons. No one is suggesting how restrictions can be removed," he wrote.Taking a swipe at the Centre, Kejriwal added: "Don't bow down to our Prime Minister so much. Else he will allow u to run only his own account in India."Meta has not publicly responded to Kejriwal's allegations.

<blockquote class="twitter-tweet">Hi <a href="https://x.com/Meta?ref_src=twsrc%5Etfw">@Meta</a> <a href="https://x.com/metaindia?ref_src=twsrc%5Etfw">@metaindia</a> Why have you restricted my account? Verbal enquiries at your India office revealed that my account has been restricted in India and is unavailable in India. Why? Noone in your office is giving any reasons. Noone is suggesting how restrictions can be removed.… <a href="https://t.co/4JThAqFMon">pic.twitter.com/4JThAqFMon</a>&mdash; Arvind Kejriwal (@ArvindKejriwal) <a href="https://x.com/ArvindKejriwal/status/2085219400970539037?ref_src=twsrc%5Etfw">August 6, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<h2>Kejriwal calls on netizens to report similar issues</h2>In a separate video posted on X, Kejriwal appealed to users who believe their content or pages have been suppressed by Meta to contact him using the hashtag #MetaCensorsIndia.

<blockquote class="twitter-tweet">अगर आपका भी पेज Meta ने suppress किया है तो मुझे <a href="https://x.com/hashtag/MetaCensorsIndia?src=hash&amp;ref_src=twsrc%5Etfw">#MetaCensorsIndia</a> के साथ comment या DM करें। <a href="https://t.co/JsB98WsxMq">https://t.co/JsB98WsxMq</a> <a href="https://t.co/abVxhl28ug">pic.twitter.com/abVxhl28ug</a>&mdash; Arvind Kejriwal (@ArvindKejriwal) <a href="https://x.com/ArvindKejriwal/status/2085253984319914313?ref_src=twsrc%5Etfw">August 6, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<h2>Meta under scrutiny in India</h2>Kejriwal's remarks come at a time when Meta is facing heightened scrutiny from Indian authorities on multiple fronts.According to government sources, the company recently acknowledged that advertisements linked to alleged Child Sexual Exploitative and Abuse Material (CSEAM) had appeared on its platforms and admitted that paid promotions had been targeted at specific audiences. Sources said Meta would be summoned again over the matter.The same sources also claimed that Meta CEO Mark Zuckerberg apologised to the Indian government over issues relating to child sexual abuse material, deepfake content and operational errors on the platform.On Wednesday, a senior Meta delegation led by Chief Global Affairs Officer Joel Kaplan met Ministry of Electronics and Information Technology Secretary S. Krishnan to explain the erroneous removal of Prime Minister Narendra Modi's Facebook video on action against examination paper leaks. Meta has previously said that Modi's video was taken down due to a technical error and was restored after the issue was identified.The meeting followed criticism from the Parliamentary Standing Committee on Communications and Information Technology, which demanded an "unqualified apology" from Zuckerberg and warned that Meta could lose its safe harbour protections under India's Information Technology Act if such incidents continued.&nbsp;

AAP chief Arvind Kejriwal has alleged that Meta restricted his account in India without explanation, accusing the company of bowing to political pressure from the Modi govt. The claim comes as Meta faces scrutiny in India over content moderation and the removal of PM's Facebook video.

Arvind Kejriwal claims Meta restricted his account in India, asks Zuckerberg's firm not to 'bow down' to PM Modi Aam Aadmi Party (AAP) national convener Arvind Kejriwal on Thursday (Aug 6) alleged that Meta had restricted his account in India without any explanation, accusing the social media giant of yielding to political pressure from Prime Minister Narendra Modi's government. The former Delhi chief minister said repeated attempts to seek clarification from Meta had gone unanswered and urged the company to explain why his account had allegedly become inaccessible to users in India. This comes as the AAP leader continues his active campaign against the government's E20 ethanol blending in petrol. He has raised questions on the safety and scientific backing of the E20 fuel, and has raised alarms about potential extension to aviation fuel. Kejriwal alleges account was restricted In a post on X, Kejriwal claimed that verbal inquiries at Meta's India office confirmed that his account had been restricted within the country, but that company officials neither explained the reason nor suggested how the restriction could be lifted. "Hi @Meta @metaindia Why have you restricted my account? Verbal enquiries at your India office revealed that my account has been restricted in India and is unavailable in India. Why? No one in your office is giving any reasons. No one is suggesting how restrictions can be removed," he wrote. Taking a swipe at the Centre, Kejriwal added: "Don't bow down to our Prime Minister so much. Else he will allow u to run only his own account in India." Meta has not publicly responded to Kejriwal's allegations.

AAP chief Arvind Kejriwal has alleged that Meta restricted his account in India without explanation, accusing the company of bowing to political pressure from the Modi govt. The claim comes as Meta faces scrutiny in India over content moderation and the removal of PM's Facebook video.

'Don't bow down to PM Modi': Kejriwal claims Meta restricted his account in India

The UK is joining Australia, Indonesia, and a handful of other nations to implement social media restrictions, with Prime Minister Keir Starmer announcing a ban on under-16s' access to platforms like Facebook and Instagram soon. Most bans across nations are age-based, applying mainly to those below 16 or 18. Full nationwide bans for mostly US-based platforms exist in China and Iran. India banned TikTok in 2020. While full nationwide bans cause near-total revenue loss from those markets, limited bans based on age, known as age-gating, do not affect the company's bottom line, as such restrictions target younger, less monetised teen demographics. These restrictions are basically a rap on the knuckle for the firms, and a drop in the ocean when compared to the billion-dollar revenues of Meta, Google, TikTok, Snap and others. Here is why:<h2>Fines and penalties are low compared to social media platform revenues</h2>In Australia, Facebook, Instagram, Kick, Reddit, Snapchat, Threads, TikTok, X, YouTube and Twitch face fines of up to AU$49.5 million (US$33.2 million) if they fail to remove under-16 accounts. Against Meta's multi-billion-dollar quarterly profits, this amount is nothing. No major fines have been paid. The country's watchdog, eSafety, is sending monthly notices for six months and will pursue penalties only for systemic breaches. The main cost so far is reputational, from compliance probes on these firms.Also read: <a href="https://www.wionews.com/world/uk-pm-keir-starmer-to-bar-all-under-16s-from-major-social-media-platforms-1781508860388">UK government to bar all under-16s from major social media platforms, Keir Starmer announces</a><h2>Social media bans: Account removals vs actual usage</h2>Platforms revoked access to about 4.7 million under-16 accounts in Australia since the December 2025 ban. Yet usage persists, with surveys showing up to 20 per cent of 13–15-year-olds still accessing TikTok and Snapchat months later, and most prior users retaining access via workarounds like VPNs and fake ages. This, in effect, limits the losses for social media firms both in terms of real users and revenue.<a href="https://www.wionews.com/videos/uk-to-ban-social-media-for-under-16s-proposes-sweeping-online-safety-curbs-1781586711769/embed">https://www.wionews.com/videos/uk-to-ban-social-media-for-under-16s-proposes-sweeping-online-safety-curbs-1781586711769/embed</a><h2>Is revenue actually lost for companies due to social media bans?</h2>A 2023 Harvard study found social media platforms earned nearly $11 billion in US ad revenue from under-18s in 2022. Snapchat derived 41 per cent of its 2022 US ad revenue from under-18s, TikTok 35 per cent, YouTube 27 per cent, and Instagram 16 per cent. Nobably, the figure is only 1.9 per cent for Facebook and 2 per cent for X. Instagram drew most revenue from 13–17-year-olds , at $4 billion, followed by TikTok, before it was briefly banned in US, at $2 billion.&nbsp;Under-16s are a smaller slice of the user base, but they are key drivers of engagement and future growth.In February this year, Snap CEO called global ad revenue from under-18 impressions "not material."&nbsp;Analysts broadly agree to this: teens are under-monetised as they lack the disposable income advertisers chase. So the short-term financial impacts of bans may be minimal.The bigger boomerang hits creators, who used to earn billions through these platforms in markets like Australia and lose reach when their under-16 audience is cut off.Also read: <a href="https://www.wionews.com/india-news/is-india-planning-australia-like-social-media-ban-for-children-under-16-what-we-know-1771386744225">Is India planning Australia-like social media ban for children under 16? What we know</a><h2>Cost of compliance is also minimal compared to revenues</h2>Age-verification runs roughly $0.12–$0.65 per check , and can include facial estimation, ID-based, or mobile-based methods. As Australia's six industry codes for age assurance took effect in March, a government analysis estimated AU$53.9 million in initial age-assurance costs across services plus AU$4.5 million annually. For the big tech firms, these amounts are manageable, though the tech can be cumbersome. The cost of running the business will eventually come down as technology matures. Indirect risks such as cybersecurity, data privacy obligations, and breach exposure from collecting age data could remain.In short, the direct business costs to major platforms from age bans look modest. Fines and compliance are nearly negligible against their global revenue. Full bans, like TikTok's in India and the US before reinstatement, are far costlier.

The UK plans an under-16 social media ban. But such age-gating measures might have only a limited financial impact on Meta, TikTok and other social media giants. Fines, compliance costs and teen ad revenue remain relatively small compared to their billion-dollar revenues.

The UK is joining Australia, Indonesia, and a handful of other nations to implement social media restrictions, with Prime Minister Keir Starmer announcing a ban on under-16s' access to platforms like Facebook and Instagram soon. Most bans across nations are age-based, applying mainly to those below 16 or 18. Full nationwide bans for mostly US-based platforms exist in China and Iran. India banned TikTok in 2020. While full nationwide bans cause near-total revenue loss from those markets, limited bans based on age, known as age-gating, do not affect the company's bottom line, as such restrictions target younger, less monetised teen demographics. These restrictions are basically a rap on the knuckle for the firms, and a drop in the ocean when compared to the billion-dollar revenues of Meta, Google, TikTok, Snap and others. Here is why: Fines and penalties are low compared to social media platform revenues In Australia, Facebook, Instagram, Kick, Reddit, Snapchat, Threads, TikTok, X, YouTube and Twitch face fines of up to AU$49.5 million (US$33.2 million) if they fail to remove under-16 accounts. Against Meta's multi-billion-dollar quarterly profits, this amount is nothing. No major fines have been paid. The country's watchdog, eSafety, is sending monthly notices for six months and will pursue penalties only for systemic breaches. The main cost so far is reputational, from compliance probes on these firms. Also read: UK government to bar all under-16s from major social media platforms, Keir Starmer announces Social media bans: Account removals vs actual usage Platforms revoked access to about 4.7 million under-16 accounts in Australia since the December 2025 ban. Yet usage persists, with surveys showing up to 20 per cent of 13–15-year-olds still accessing TikTok and Snapchat months later, and most prior users retaining access via workarounds like VPNs and fake ages. This, in effect, limits the losses for social media firms both in terms of real users and revenue. https://www.wionews.com/videos/uk-to-ban-social-media-for-under-16s-proposes-sweeping-online-safety-curbs-1781586711769/embed Is revenue actually lost for companies due to social media bans? A 2023 Harvard study found social media platforms earned nearly $11 billion in US ad revenue from under-18s in 2022. Snapchat derived 41 per cent of its 2022 US ad revenue from under-18s, TikTok 35 per cent, YouTube 27 per cent, and Instagram 16 per cent. Nobably, the figure is only 1.9 per cent for Facebook and 2 per cent for X. Instagram drew most revenue from 13–17-year-olds , at $4 billion, followed by TikTok, before it was briefly banned in US, at $2 billion. Under-16s are a smaller slice of the user base, but they are key drivers of engagement and future growth. In February this year, Snap CEO called global ad revenue from under-18 impressions "not material." Analysts broadly agree to this: teens are under-monetised as they lack the disposable income advertisers chase. So the short-term financial impacts of bans may be minimal. The bigger boomerang hits creators, who used to earn billions through these platforms in markets like Australia and lose reach when their under-16 audience is cut off. Also read: Is India planning Australia-like social media ban for children under 16? What we know Cost of compliance is also minimal compared to revenues Age-verification runs roughly $0.12–$0.65 per check , and can include facial estimation, ID-based, or mobile-based methods. As Australia's six industry codes for age assurance took effect in March, a government analysis estimated AU$53.9 million in initial age-assurance costs across services plus AU$4.5 million annually. For the big tech firms, these amounts are manageable, though the tech can be cumbersome. The cost of running the business will eventually come down as technology matures. Indirect risks such as cybersecurity, data privacy obligations, and breach exposure from collecting age data could remain. In short, the direct business costs to major platforms from age bans look modest. Fines and compliance are nearly negligible against their global revenue. Full bans, like TikTok's in India and the US before reinstatement, are far costlier.

The UK plans an under-16 social media ban. But such age-gating measures might have only a limited financial impact on Meta, TikTok and other social media giants. Fines, compliance costs and teen ad revenue remain relatively small compared to their billion-dollar revenues.

UK to join under-16 social media bans, but will it really hurt the companies? The Big Question

Meta is reportedly working on a new artificial intelligence-powered wearable device that could take the form of a pendant worn around the neck. According to a report by The Information, the company plans to begin testing the device within the next year as it continues expanding its AI hardware strategy.The reported project comes as major technology companies increasingly explore AI-powered devices beyond smartphones and computers. Meta has already invested heavily in smart glasses and virtual reality products, and the new pendant could become another part of its growing wearable ecosystem.<h2>What is Meta's AI pendant?</h2>According to reports, Meta's new device would function as an AI-powered pendant that users could wear around their neck or attach to clothing. While full details have not been revealed, the wearable is expected to build on technology developed by Limitless, an AI startup acquired by Meta in late 2025.Before the acquisition, Limitless developed a wearable pendant capable of recording conversations, creating summaries and helping users recall information from meetings and daily interactions. Following the acquisition, Meta said the deal would help accelerate its efforts to develop AI-enabled wearable technology. Industry observers believe Meta could integrate its AI assistant into the device, allowing users to interact with artificial intelligence throughout the day without needing to use a smartphone.<h2>Why is Meta investing in AI wearables?</h2>The move reflects a broader trend across the technology industry.Companies are increasingly exploring devices that allow users to access AI more naturally throughout the day. Instead of opening an app or typing a question, wearable devices can provide hands-free access to AI assistants.Meta CEO Mark Zuckerberg has repeatedly argued that wearable devices could become one of the most important ways people interact with artificial intelligence in the future. The company has already found success with its smart glasses developed in partnership with EssilorLuxottica, which combine cameras, audio features and AI-powered assistance. An AI pendant would represent another step towards making AI available throughout the day in a less intrusive form.<h2>Why have AI wearables struggled in the past?</h2>Despite growing interest in artificial intelligence, many dedicated AI wearable devices have struggled to gain widespread adoption. Several products launched over the past few years faced challenges related to privacy concerns, battery life, limited functionality and unclear consumer demand. Some users questioned whether wearable devices that continuously listen to conversations or collect information could create privacy risks. Others found that early AI devices did not offer enough practical benefits compared with smartphones. These challenges have led some technology companies to rethink how AI hardware should be designed and marketed. Meta appears to be betting that advances in AI models and wearable technology could make a new generation of devices more useful.<h2>Meta's broader wearable strategy</h2>The reported pendant project is only one part of Meta's expanding hardware plans. According to the report, the company is also working to expand its smart glasses lineup and is considering a subscription service called "Wearables for Work", aimed at business users. The strategy suggests Meta sees wearable technology as a major growth opportunity, particularly as artificial intelligence becomes more integrated into daily life. The company has invested billions of dollars in hardware development through its Reality Labs division, which oversees products related to virtual reality, augmented reality and wearable technology.<h2>Can AI wearables help Reality Labs?</h2> The success of future wearable products could be important for Meta's hardware business. Reality Labs has continued to face financial pressure despite ongoing investment. According to company disclosures, the division reported a loss of around $4 billion during the first quarter of the year. Meta has argued that these investments are necessary to build the next generation of computing platforms, including AI-powered devices and augmented reality products. Analysts say wearable devices could eventually become a key revenue source if consumers embrace AI assistants that work seamlessly throughout the day.

Meta is reportedly working on a new artificial intelligence-powered wearable device that could take the form of a pendant worn around the neck. 


Meta is reportedly working on a new artificial intelligence-powered wearable device that could take the form of a pendant worn around the neck. According to a report by The Information, the company plans to begin testing the device within the next year as it continues expanding its AI hardware strategy. The reported project comes as major technology companies increasingly explore AI-powered devices beyond smartphones and computers. Meta has already invested heavily in smart glasses and virtual reality products, and the new pendant could become another part of its growing wearable ecosystem. What is Meta's AI pendant? According to reports, Meta's new device would function as an AI-powered pendant that users could wear around their neck or attach to clothing. While full details have not been revealed, the wearable is expected to build on technology developed by Limitless, an AI startup acquired by Meta in late 2025. Before the acquisition, Limitless developed a wearable pendant capable of recording conversations, creating summaries and helping users recall information from meetings and daily interactions. Following the acquisition, Meta said the deal would help accelerate its efforts to develop AI-enabled wearable technology. Industry observers believe Meta could integrate its AI assistant into the device, allowing users to interact with artificial intelligence throughout the day without needing to use a smartphone. Why is Meta investing in AI wearables? The move reflects a broader trend across the technology industry. Companies are increasingly exploring devices that allow users to access AI more naturally throughout the day. Instead of opening an app or typing a question, wearable devices can provide hands-free access to AI assistants. Meta CEO Mark Zuckerberg has repeatedly argued that wearable devices could become one of the most important ways people interact with artificial intelligence in the future. The company has already found success with its smart glasses developed in partnership with EssilorLuxottica, which combine cameras, audio features and AI-powered assistance. An AI pendant would represent another step towards making AI available throughout the day in a less intrusive form. Why have AI wearables struggled in the past? Despite growing interest in artificial intelligence, many dedicated AI wearable devices have struggled to gain widespread adoption. Several products launched over the past few years faced challenges related to privacy concerns, battery life, limited functionality and unclear consumer demand. Some users questioned whether wearable devices that continuously listen to conversations or collect information could create privacy risks. Others found that early AI devices did not offer enough practical benefits compared with smartphones. These challenges have led some technology companies to rethink how AI hardware should be designed and marketed. Meta appears to be betting that advances in AI models and wearable technology could make a new generation of devices more useful. Meta's broader wearable strategy The reported pendant project is only one part of Meta's expanding hardware plans. According to the report, the company is also working to expand its smart glasses lineup and is considering a subscription service called "Wearables for Work", aimed at business users. The strategy suggests Meta sees wearable technology as a major growth opportunity, particularly as artificial intelligence becomes more integrated into daily life. The company has invested billions of dollars in hardware development through its Reality Labs division, which oversees products related to virtual reality, augmented reality and wearable technology. Can AI wearables help Reality Labs? The success of future wearable products could be important for Meta's hardware business. Reality Labs has continued to face financial pressure despite ongoing investment. According to company disclosures, the division reported a loss of around $4 billion during the first quarter of the year. Meta has argued that these investments are necessary to build the next generation of computing platforms, including AI-powered devices and augmented reality products. Analysts say wearable devices could eventually become a key revenue source if consumers embrace AI assistants that work seamlessly throughout the day.

Meta is reportedly working on a new artificial intelligence-powered wearable device that could take the form of a pendant worn around the neck.&nbsp;

After AI glasses, Meta is reportedly developing an AI pendant: What it is and how it could work

Meta has announced a new range of subscription services for Instagram, Facebook and WhatsApp users as the company looks to expand beyond its traditional advertising business. The new consumer-focused “Plus” subscription plans will offer additional features aimed at creators, power users and highly active social media users.The company also confirmed that it is testing new AI-focused subscription packages under a broader initiative called “Meta One”, which will combine the company’s growing range of premium services into a single ecosystem.<h2>What Meta’s new Plus plans offer</h2>According to Meta, the new subscription tiers are designed to provide users with additional personalisation and engagement features across its apps.Users subscribing to Instagram Plus and Facebook Plus will reportedly pay around $3.99 per month, while WhatsApp Plus is expected to cost around $2.99 per month in international markets. India-specific pricing has not yet been announced.The new Instagram Plus and Facebook Plus plans include features such as:Profile customisation tools Super Heart animated reactions Story insights and rewatch tracking Unlimited audience lists for Stories Extra profile pins Custom app icons and fonts Subscribers will also be able to: Extend Stories beyond 24 hours Spotlight a Story once every week Preview Stories without appearing in viewer lists Search viewer lists more easilyMeta says these features are aimed mainly at creators and highly engaged users who want more control over audience interaction and content presentation.<h2>WhatsApp Plus focuses on messaging personalisation</h2>The WhatsApp Plus subscription is designed differently from the company’s social media-focused plans. Instead of creator tools, it focuses more on messaging personalisation and user experience.Features include: Custom themes Premium stickers Additional pinned chats Custom ringtones Expanded list customisationThe company said the plan is intended for users who want more flexibility and customisation inside the messaging platform.<h2>Meta is also expanding its AI subscription business</h2>Alongside the Plus subscriptions, Meta confirmed that it is preparing premium plans for Meta AI users under a new branding system called “Meta One”.The company is currently testing: Meta One Plus at $7.99 per month Meta One Premium at $19.99 per monthAccording to Meta, Premium subscribers will receive: Higher AI compute access More advanced reasoning capabilities Expanded image and video generation tools Additional support for Meta’s AI-powered smart glassesMeta said these AI-focused plans will initially be tested in countries including: Singapore Guatemala Bolivia Meanwhile, creator and business-focused subscription plans are expected to begin testing in Saudi Arabia, Morocco, Thailand and Bangladesh.<h2>Why Meta is increasing focus on subscriptions</h2>Meta’s growing subscription strategy reflects a wider shift inside the company as it looks for new revenue streams beyond digital advertising.Industry analysts say the company is attempting to:Monetise highly engaged users Increase creator-focused revenue Expand AI-related business models Reduce dependence on advertising growthThe move comes as growth across Meta’s major apps slows in several mature markets. Meta has also been aggressively expanding its AI ecosystem in recent months. The company recently launched new standalone apps and AI-integrated features, including the Forum app and Instagram’s new Instants feature.<h2>Meta says free versions will continue</h2>Meta clarified that the new Plus plans are separate from its existing Meta Verified subscription service, which focuses mainly on account verification and identity protection. The company also said Meta AI will remain free for casual users, while paid tiers are designed for those requiring more advanced AI features and computing capacity. The launch of Meta’s subscription plans highlights how large technology companies are increasingly experimenting with paid digital services and AI-based products. As competition in AI and social media intensifies, Meta appears to be positioning itself not only as a social networking company, but also as a broader AI and digital services platform.

Meta has announced a new range of subscription services for Instagram, Facebook and WhatsApp users as the company looks to expand beyond its traditional advertising business. The new consumer-focused “Plus” subscription plans will offer additional features aimed at creators.

Meta has announced a new range of subscription services for Instagram, Facebook and WhatsApp users as the company looks to expand beyond its traditional advertising business. The new consumer-focused “Plus” subscription plans will offer additional features aimed at creators, power users and highly active social media users. The company also confirmed that it is testing new AI-focused subscription packages under a broader initiative called “Meta One”, which will combine the company’s growing range of premium services into a single ecosystem. What Meta’s new Plus plans offer According to Meta, the new subscription tiers are designed to provide users with additional personalisation and engagement features across its apps. Users subscribing to Instagram Plus and Facebook Plus will reportedly pay around $3.99 per month, while WhatsApp Plus is expected to cost around $2.99 per month in international markets. India-specific pricing has not yet been announced. The new Instagram Plus and Facebook Plus plans include features such as: Profile customisation tools Super Heart animated reactions Story insights and rewatch tracking Unlimited audience lists for Stories Extra profile pins Custom app icons and fonts Subscribers will also be able to: Extend Stories beyond 24 hours Spotlight a Story once every week Preview Stories without appearing in viewer lists Search viewer lists more easily Meta says these features are aimed mainly at creators and highly engaged users who want more control over audience interaction and content presentation. WhatsApp Plus focuses on messaging personalisation The WhatsApp Plus subscription is designed differently from the company’s social media-focused plans. Instead of creator tools, it focuses more on messaging personalisation and user experience. Features include: Custom themes Premium stickers Additional pinned chats Custom ringtones Expanded list customisation The company said the plan is intended for users who want more flexibility and customisation inside the messaging platform. Meta is also expanding its AI subscription business Alongside the Plus subscriptions, Meta confirmed that it is preparing premium plans for Meta AI users under a new branding system called “Meta One”. The company is currently testing: Meta One Plus at $7.99 per month Meta One Premium at $19.99 per month According to Meta, Premium subscribers will receive: Higher AI compute access More advanced reasoning capabilities Expanded image and video generation tools Additional support for Meta’s AI-powered smart glasses Meta said these AI-focused plans will initially be tested in countries including: Singapore Guatemala Bolivia Meanwhile, creator and business-focused subscription plans are expected to begin testing in Saudi Arabia, Morocco, Thailand and Bangladesh. Why Meta is increasing focus on subscriptions Meta’s growing subscription strategy reflects a wider shift inside the company as it looks for new revenue streams beyond digital advertising. Industry analysts say the company is attempting to: Monetise highly engaged users Increase creator-focused revenue Expand AI-related business models Reduce dependence on advertising growth The move comes as growth across Meta’s major apps slows in several mature markets. Meta has also been aggressively expanding its AI ecosystem in recent months. The company recently launched new standalone apps and AI-integrated features, including the Forum app and Instagram’s new Instants feature. Meta says free versions will continue Meta clarified that the new Plus plans are separate from its existing Meta Verified subscription service, which focuses mainly on account verification and identity protection. The company also said Meta AI will remain free for casual users, while paid tiers are designed for those requiring more advanced AI features and computing capacity. The launch of Meta’s subscription plans highlights how large technology companies are increasingly experimenting with paid digital services and AI-based products. As competition in AI and social media intensifies, Meta appears to be positioning itself not only as a social networking company, but also as a broader AI and digital services platform.

Meta has announced a new range of subscription services for Instagram, Facebook and WhatsApp users as the company looks to expand beyond its traditional advertising business. The new consumer-focused “Plus” subscription plans will offer additional features aimed at creators.

Meta launches ‘Plus’ subscriptions for Instagram, Facebook and WhatsApp alongside new AI plans

Meta may soon enter the cloud computing business, potentially competing with companies such as Amazon Web Services, Microsoft Azure and Google Cloud. Meta CEO Mark Zuckerberg said during the company’s annual shareholder meeting that the option is “definitely on the table” as demand for AI computing power continues to grow.The comments come as Meta sharply increases its investment in artificial intelligence infrastructure. The company plans to spend between $125 billion and $145 billion on AI-related capital expenditure this year, one of the largest AI investment plans announced by any technology company.<h2>Why Meta is considering cloud computing</h2>Cloud computing companies provide businesses with servers, storage systems and networking infrastructure needed to run applications and AI services. AI tools such as ChatGPT and Gemini rely heavily on cloud infrastructure to process large amounts of data and run advanced models.According to Zuckerberg, Meta is regularly receiving requests from outside companies looking to purchase computing capacity from the company. He said firms are asking whether Meta could: Offer API-based AI services Lease excess computing infrastructure Provide access to AI servers and processing powerZuckerberg noted that demand for compute has become extremely high due to the rapid expansion of artificial intelligence systems.Meta remains the only major AI player without cloud businessUnlike its biggest competitors, Meta currently does not operate a large commercial cloud platform.Major technology companies already dominating the market include: Amazon Web Services (AWS) Microsoft Azure Google CloudThese companies provide cloud infrastructure to businesses worldwide and generate billions of dollars annually from the sector. Even newer AI-focused firms are increasingly monetising their infrastructure. Recently, SpaceXAI leased its Colossus 1 supercomputer infrastructure to Anthropic for AI model training and operations.<h2>Meta says demand for compute is rapidly increasing</h2>Zuckerberg said Meta currently does not have surplus cloud capacity available for outside companies because the firm is heavily using its own infrastructure for AI projects. However, he added that if Meta eventually builds more capacity than it needs internally, the company could begin selling access to external customers. He stated that the possibility of monetising excess infrastructure is one reason why Meta feels confident investing aggressively in AI data centres and computing systems. Anthropic CFO Krishna Rao recently described computing power as “the lifeblood” of AI companies, highlighting how central cloud infrastructure has become in the AI race.<h2>AI investments come alongside restructuring</h2>Meta’s growing AI focus comes during a period of major restructuring inside the company. The firm recently cut around 8,000 jobs globally while reportedly reassigning another 7,000 employees to AI-focused teams. The company has also closed around 6,000 open positions as it redirects spending towards artificial intelligence development. Despite the restructuring, Zuckerberg has previously said Meta does not currently plan additional layoffs this year. The company is also preparing to test premium subscription services for Meta AI in selected markets as it looks for new revenue streams linked to artificial intelligence.<h2>Why cloud infrastructure has become critical in AI race</h2>Demand for computing infrastructure has surged as companies build larger AI models requiring massive processing power and data storage.Industry analysts say AI development now depends heavily on:Advanced chips High-capacity servers Large-scale data centres Continuous cloud processingThis has made cloud infrastructure one of the most strategically important areas in the technology sector. Meta has not officially confirmed plans to launch a cloud computing platform, but Zuckerberg’s comments suggest the company is exploring the possibility as AI demand continues to grow. If Meta eventually enters the market, it could intensify competition in the global cloud industry, where AWS, Microsoft and Google currently dominate. The development also highlights how the AI boom is pushing major technology companies to expand beyond software and into large-scale infrastructure businesses.

Meta may soon enter the cloud computing business, potentially competing with companies such as Amazon Web Services, Microsoft Azure and Google Cloud. 

Meta may soon enter the cloud computing business, potentially competing with companies such as Amazon Web Services, Microsoft Azure and Google Cloud. Meta CEO Mark Zuckerberg said during the company’s annual shareholder meeting that the option is “definitely on the table” as demand for AI computing power continues to grow. The comments come as Meta sharply increases its investment in artificial intelligence infrastructure. The company plans to spend between $125 billion and $145 billion on AI-related capital expenditure this year, one of the largest AI investment plans announced by any technology company. Why Meta is considering cloud computing Cloud computing companies provide businesses with servers, storage systems and networking infrastructure needed to run applications and AI services. AI tools such as ChatGPT and Gemini rely heavily on cloud infrastructure to process large amounts of data and run advanced models. According to Zuckerberg, Meta is regularly receiving requests from outside companies looking to purchase computing capacity from the company. He said firms are asking whether Meta could: Offer API-based AI services Lease excess computing infrastructure Provide access to AI servers and processing power Zuckerberg noted that demand for compute has become extremely high due to the rapid expansion of artificial intelligence systems. Meta remains the only major AI player without cloud business Unlike its biggest competitors, Meta currently does not operate a large commercial cloud platform. Major technology companies already dominating the market include: Amazon Web Services (AWS) Microsoft Azure Google Cloud These companies provide cloud infrastructure to businesses worldwide and generate billions of dollars annually from the sector. Even newer AI-focused firms are increasingly monetising their infrastructure. Recently, SpaceXAI leased its Colossus 1 supercomputer infrastructure to Anthropic for AI model training and operations. Meta says demand for compute is rapidly increasing Zuckerberg said Meta currently does not have surplus cloud capacity available for outside companies because the firm is heavily using its own infrastructure for AI projects. However, he added that if Meta eventually builds more capacity than it needs internally, the company could begin selling access to external customers. He stated that the possibility of monetising excess infrastructure is one reason why Meta feels confident investing aggressively in AI data centres and computing systems. Anthropic CFO Krishna Rao recently described computing power as “the lifeblood” of AI companies, highlighting how central cloud infrastructure has become in the AI race. AI investments come alongside restructuring Meta’s growing AI focus comes during a period of major restructuring inside the company. The firm recently cut around 8,000 jobs globally while reportedly reassigning another 7,000 employees to AI-focused teams. The company has also closed around 6,000 open positions as it redirects spending towards artificial intelligence development. Despite the restructuring, Zuckerberg has previously said Meta does not currently plan additional layoffs this year. The company is also preparing to test premium subscription services for Meta AI in selected markets as it looks for new revenue streams linked to artificial intelligence. Why cloud infrastructure has become critical in AI race Demand for computing infrastructure has surged as companies build larger AI models requiring massive processing power and data storage. Industry analysts say AI development now depends heavily on: Advanced chips High-capacity servers Large-scale data centres Continuous cloud processing This has made cloud infrastructure one of the most strategically important areas in the technology sector. Meta has not officially confirmed plans to launch a cloud computing platform, but Zuckerberg’s comments suggest the company is exploring the possibility as AI demand continues to grow. If Meta eventually enters the market, it could intensify competition in the global cloud industry, where AWS, Microsoft and Google currently dominate. The development also highlights how the AI boom is pushing major technology companies to expand beyond software and into large-scale infrastructure businesses.

Meta may soon enter the cloud computing business, potentially competing with companies such as Amazon Web Services, Microsoft Azure and Google Cloud.&nbsp;

Meta may enter cloud computing market as AI demand drives need for compute power

What started as a simple Work from Home (WFH) instruction at Meta has snowballed into the beginning of a massive layoff operation, with around 8,000 employees expected to be shown the exit door.<h2>What happened?</h2>It started with something that, in today’s tech world, barely raises eyebrows anymore. "Work from home today," read the instruction. Reports suggest there was no dramatic announcement. No all-hands meeting. No tense gathering inside glass-walled conference rooms. Employees across Meta offices in regions including Singapore, the US and the UK were simply told not to come in. Then, hours later, the real emails began landing in inboxes.Also read | <a href="https://www.wionews.com/world/-corruption-in-plain-sight-trump-and-family-get-forever-shield-from-irs-audits-after-hush-hush-settlement-all-you-need-to-know-1779253991583">'Corruption in plain sight': Trump and family get ‘FOREVER’ shield from IRS audits after hush-hush settlement. All you need to know</a>Meta has begun layoffs, cutting roughly 8,000 jobs, close to 10 per cent of its workforce, while simultaneously reshuffling thousands of remaining employees into AI-focused divisions as Mark Zuckerberg pushes the company deeper into what insiders are increasingly calling an AI-first reset.<h2>Meta fires staff early morning</h2>According to reports, some affected staff in Singapore received termination emails around 4 am local time, reported Bloomberg. The sequencing did not go unnoticed: WFH first, layoffs next.Inside Meta, many employees reportedly viewed the remote-work directive as a deliberate way to avoid visible scenes at offices, no emotional exits, no angry floor discussions.Also read | <a href="https://www.wionews.com/world/one-day-after-reaffirming-unwavering-commitment-to-punishing-moscow-uk-quietly-eases-russian-oil-sanctions-as-fuel-prices-climb-india-import-1779245613212">UK quietly eases Russian oil sanctions despite vowing 'unwavering' commitment to punishing Moscow</a>Reports suggest that AI is not just changing products, it's now changing who stays employed. Meta says the restructuring is part of a broader effort to streamline operations and redirect resources toward artificial intelligence.In an internal memo, Chief People Officer Janelle Gale said that about 7,000 employees are being moved into new AI-native teams. In addition, nearly 6,000 open roles are simply being eliminated altogether.The company is also flattening management structures and shrinking team sizes. "We're now at the stage where many orgs can operate with a flatter structure with smaller teams of pods/cohorts that can move faster and with more ownership," Gale reportedly said in an internal memo.Meta now plans to spend between $125 billion and $145 billion this year, much of it tied to AI infrastructure and data centres.&nbsp; &nbsp;

Meta’s latest wave of layoffs reportedly began with an unusually quiet instruction: stay home. Employees across offices in Singapore, the US and the UK were told to work remotely for the day, only for termination emails to begin arriving hours later, some as early as 4 am.

What started as a simple Work from Home (WFH) instruction at Meta has snowballed into the beginning of a massive layoff operation, with around 8,000 employees expected to be shown the exit door. What happened? It started with something that, in today’s tech world, barely raises eyebrows anymore. "Work from home today," read the instruction. Reports suggest there was no dramatic announcement. No all-hands meeting. No tense gathering inside glass-walled conference rooms. Employees across Meta offices in regions including Singapore, the US and the UK were simply told not to come in. Then, hours later, the real emails began landing in inboxes. Also read | 'Corruption in plain sight': Trump and family get ‘FOREVER’ shield from IRS audits after hush-hush settlement. All you need to know Meta has begun layoffs, cutting roughly 8,000 jobs, close to 10 per cent of its workforce, while simultaneously reshuffling thousands of remaining employees into AI-focused divisions as Mark Zuckerberg pushes the company deeper into what insiders are increasingly calling an AI-first reset. Meta fires staff early morning According to reports, some affected staff in Singapore received termination emails around 4 am local time, reported Bloomberg. The sequencing did not go unnoticed: WFH first, layoffs next. Inside Meta, many employees reportedly viewed the remote-work directive as a deliberate way to avoid visible scenes at offices, no emotional exits, no angry floor discussions. Also read | UK quietly eases Russian oil sanctions despite vowing 'unwavering' commitment to punishing Moscow Reports suggest that AI is not just changing products, it's now changing who stays employed. Meta says the restructuring is part of a broader effort to streamline operations and redirect resources toward artificial intelligence. In an internal memo, Chief People Officer Janelle Gale said that about 7,000 employees are being moved into new AI-native teams. In addition, nearly 6,000 open roles are simply being eliminated altogether. The company is also flattening management structures and shrinking team sizes. "We're now at the stage where many orgs can operate with a flatter structure with smaller teams of pods/cohorts that can move faster and with more ownership," Gale reportedly said in an internal memo. Meta now plans to spend between $125 billion and $145 billion this year, much of it tied to AI infrastructure and data centres.

Meta’s latest wave of layoffs reportedly began with an unusually quiet instruction: stay home. Employees across offices in Singapore, the US and the UK were told to work remotely for the day, only for termination emails to begin arriving hours later, some as early as 4 am.

Meta told employees to work from home, then began firing thousands: Inside company's shocking 8,000-job purge

Facebook's parent corporation Meta announced on Thursday that it has closed down a network of 4,789 phony Chinese Facebook accounts, which were ostensibly created to divide voters ahead of the 2024 election. This represents the most recent instance of attempted foreign meddling in American politics via social media.

Meta shuts down China-based network of 4800 fake accounts

Canadian news industry groups have raised concerns over meta platforms' recent decision to block news content on its platforms within the country. This action, taken in response to an upcoming law that mandates tech companies to pay for news articles, has prompted canadian news organizations to accuse meta of exploiting its dominant position and hindering fair competition.

Meta to block news content across platforms in Canada

Mark Zuckerberg's security allowance is reported to have been hiked to $14 million by Facebook owner Meta amid a spell of layoffs. Social media giants owned by Meta - including Facebook and Instagram - have also recently witnessed retrenchment in what Zuckerberg defined as a "Year of Efficiency". Facebook and other American firms have been downsizing staff strength in the midst of what analysts have termed as an unspoken recession.&nbsp;

In a filing cited by news agency Reuters, Meta - on increasing Zuckerberg's security allowance by $4 million - said: "This increased allowance, together with the costs of Zuckerberg's existing overall security programme, are appropriate and necessary under the circumstances."&nbsp;

Meta has been cutting costs recently. It has also reportedly also delayed setting team budgets months after dismissing nearly 13 per cent of its global workforce. For 2023, the firm has lowered its estimates between the range of &nbsp;$89 billion- $95 billion, which were earlier in $94 billion-$100 billion range. &nbsp;

“Our management theme for 2023 is the ‘Year of Efficiency’ and we’re focused on becoming a stronger and more nimble organization,” Zuckerberg said as part of the release of Meta’s fourth-quarter earnings report.

Also read:&nbsp;<a href="https://www.wionews.com/technology/mark-zuckerberg-loses-more-than-118-million-followers-on-facebook-heres-why-524865">Mark Zuckerberg 'loses' more than 118 million followers on Facebook - Here's why</a>

On the drop in revenues, he said: “The first 18 years I think we grew it 20 per cent, 30 per cent compound or a lot more every year, And then obviously that changed dramatically in 2022, where our revenue was negative for growth, for the first time in the company’s history.”

(With agency inputs)&nbsp; 
&nbsp;

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Mark Zuckerberg's security allowance is reported to have been hiked to $14 million by Facebook owner Meta amid a spell of layoffs. Social media giants owned by Meta - including Facebook and Instagram - have also recently witnessed retrenchment in what Zuckerberg defined as a "Year of Efficiency".

Mark Zuckerberg's security allowance is reported to have been hiked to $14 million by Facebook owner Meta amid a spell of layoffs. Social media giants owned by Meta - including Facebook and Instagram - have also recently witnessed retrenchment in what Zuckerberg defined as a "Year of Efficiency". Facebook and other American firms have been downsizing staff strength in the midst of what analysts have termed as an unspoken recession. In a filing cited by news agency Reuters, Meta - on increasing Zuckerberg's security allowance by $4 million - said: "This increased allowance, together with the costs of Zuckerberg's existing overall security programme, are appropriate and necessary under the circumstances." Meta has been cutting costs recently. It has also reportedly also delayed setting team budgets months after dismissing nearly 13 per cent of its global workforce. For 2023, the firm has lowered its estimates between the range of $89 billion- $95 billion, which were earlier in $94 billion-$100 billion range. “Our management theme for 2023 is the ‘Year of Efficiency’ and we’re focused on becoming a stronger and more nimble organization,” Zuckerberg said as part of the release of Meta’s fourth-quarter earnings report. Also read: Mark Zuckerberg 'loses' more than 118 million followers on Facebook - Here's why On the drop in revenues, he said: “The first 18 years I think we grew it 20 per cent, 30 per cent compound or a lot more every year, And then obviously that changed dramatically in 2022, where our revenue was negative for growth, for the first time in the company’s history.” (With agency inputs) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Zuckerberg security allowance hiked to $14 million amid layoffs: A lowdown

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Zuckerberg security allowance hiked to $14 million amid layoffs: A lowdown