Meta

Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasonsSilicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said.Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in March 2025, three months into the second Trump administration. Continue reading...

‘Completely unnecessary’ hybrid cans are not easily recycled or accepted by container refund schemes, and are already banned in WAGet our breaking news email, free app or daily news podcastA single-use plastic and metal drinking vessel dubbed a “franken-can” has been given the dubious honour of the nation’s worst plastic packaging.The plastic-metal hybrid can, which is not accepted by container refund schemes or easily recycled – has won the inaugural Unpackit award for Australia’s worst packaging. Continue reading...

Ravi Naik says legal ruling that forced Sarah Wynn-Williams to make silent appearance at Hay festival also applies to himThe lawyer representing the Meta whistleblower Sarah Wynn-Williams has said he too has been prevented from promoting her memoir under a legal ruling, after her silent appearance at the Hay festival.Ravi Naik said the terms of an arbitration proceeding meant neither Wynn-Williams nor her “agents” could promote her bestselling book Careless People or say anything disparaging about the company. Continue reading...

• Corporate India concluded FY26 with strong earnings growth, characterized by double-digit gains in Profit After Tax (PAT), sales, and EBITDA according to a report by Motilal Oswal. • The growth was primarily driven by the financials, metals, and oil marketing companies (OMCs) sectors, with mid-cap companies notably outperforming larger entities. • This trend is significant as it indicates broad-based resilience across key industrial sectors and suggests a positive trajectory for Nifty-50 earnings.

• China's AI industry is facing a talent drain as top researchers are lured by high salaries offered by US giants like Meta and OpenAI. • To counter this "talent war," Beijing has implemented travel curbs and restrictive measures to prevent domestic experts from migrating to American firms. • This struggle highlights the strategic importance of AI leadership and the growing geopolitical tension over intellectual property and technical expertise.

Sarah Wynn-Williams did not speak on stage on her lawyer’s advice amid tech firm’s sanctionFacebook whistleblower Sarah Wynn-Williams was forced to sit in silence on stage at an event at Hay festival, after lawyers advised her not to speak because of ongoing legal action brought by Meta.Wynn-Williams, whose bestselling memoir, Careless People, details her years working at Facebook, was due to appear in conversation with the investigative journalist Carole Cadwalladr and academic Tim Wu. Continue reading...

• Meta Platforms shares surged 3.7% following the launch of a new subscription service, while Arm Holdings tumbled 5.8% due to manufacturing constraints delaying revenue from its AGI CPU. • The broader semiconductor sector felt the impact, with the SOXX index falling 1.1%, and cybersecurity stocks slid after Zscaler provided soft fiscal fourth-quarter guidance. • MongoDB's Atlas cloud database has reached a $2 billion annualized revenue run rate, yet the stock remains down 26.3% year-to-date as investors await a more constructive outlook from management.

• Over 30 major companies, including Meta, Amazon, LinkedIn, Walmart, and Standard Chartered, have implemented layoffs throughout 2026. • Freshworks, a software firm based in San Mateo, California, announced in early May that it will reduce its workforce by 11% during the second quarter. • These widespread job cuts are being driven by shifting economic conditions and the rapid integration of AI, which is reshaping the global business landscape.

Exclusive: Some employees will be moved to new teams focused on AI agents and cloud infrastructureAs Meta races to recenter itself around artificial intelligence, the tech giant is mandating more than 7,000 workers must move to new teams, and it’s radically changing some employees’ jobs. The Guardian has also learned that some of these reassigned employees will shift to two new teams: one building AI cloud infrastructure and another that’s building an internal AI agent codenamed Hatch.Late last week, Meta employees received a notice that engineers had been “selected” for reassignment and would begin reporting to the cloud infrastructure and Hatch teams by the end of this week. Meta made a similar move last month when it reshuffled at least 1,000 engineers onto a new data labelling team called Applied AI, or AAI – at first giving them the option to volunteer, but later telling workers, “transfers aren’t optional.” Continue reading...

Deputy PM says Andy Burnham would be ‘great addition to parliament’, but leadership row is an ‘own goal’ for LabourKeir Starmer is not about to set a timetable for his departure from Downing Street, David Lammy, one of the prime minister’s closest cabinet allies, has said, calling on Labour to get beyond the “spectacular own goal” of repeated leadership speculation.While allies of Starmer have suggested he is potentially willing to step aside if Andy Burnham wins next month’s Makerfield byelection and no other challenger emerges, Lammy insisted this was not being considered. Continue reading...

The mayor of Greater Manchester is the latest in a long line of politicians to try to show he’s on the right track … etcPoliticians, as we know, love a metaphor. But do they have to be so literal? No sooner had the Greater Manchester mayor, Andy Burnham, announced that he wanted to run for parliament than … Look! Out he popped from his house on Friday morning in jogging gear, because he’s full of energy and on the right track and hitting the ground running and … oh, do keep up.What is it that persuades a 56-year-old man who is leading every news bulletin in Britain and knows there is a throng of photographers outside to put on some terrible shorts and a 1980s Everton strip and expose his paunch and Lancashire tan to the world? Continue reading...

Santa Clara county claims Meta Platforms violated the state’s false advertising and unfair business practices lawsCalifornia’s Santa Clara county has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business practices laws.The lawsuit – filed on Monday in Santa Clara county superior court on behalf of all California residents – accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting Meta from engaging in unfair business practices. Continue reading...

Move comes after PM insisted he would prove his doubters wrong and fight any leadership challengeUK politics live – latest updatesMore than 60 MPs have called on Keir Starmer to set a timetable to depart as prime minister, including backers of his leadership rivals Andy Burnham and Wes Streeting.MPs from across the party’s ranks said the prime minister had failed to convince them he had what it took to lead the country into the next election. Continue reading...

Facebook and Instagram owner claims charges should not be calculated based on a company’s global revenueMeta has launched a legal challenge against the UK’s media regulator over the fees and fines regime it is enforcing under landmark digital safety legislation.The Facebook and Instagram owner is claiming that Ofcom’s methodology for calculating the charges is flawed and should not be based on a company’s global revenue. Breaches of the Online Safety Act can be punished by fines of up to 10% of qualifying worldwide revenue (QWR) or £18m – depending which is higher. Continue reading...

• Meta Platforms has acquired Manus, a Singapore-based AI startup, in a $2 billion deal announced on May 7, 2026, focusing on autonomous agents that plan and execute complex tasks. • Manus specializes in agentic AI technology, enabling systems to independently handle multi-step processes without constant human oversight. • The acquisition positions Meta to expand its AI portfolio amid intensifying competition in generative and autonomous AI development globally.

A federal judge also warned White House to tread carefully as it moves ahead with plans to revamp DC golf courseA federal judge weighed into a dispute over Donald Trump’s controversial plans to revamp a historic Washington DC golf course on Monday, warning the president’s administration to tread carefully as it also dumped “toxic” rubble from the demolished White House East Wing there.District court judge Ana Reyes likened the saga to an episode of the hit television comedy Parks and Recreation during an emergency hearing in the capital to hear an application for a temporary restraining order filed by the DC Preservation League. Continue reading...

• Meta acquired ARI, a US-based robotics AI startup, to bolster its efforts in humanoid robots and physical artificial general intelligence. • The deal focuses on developing software for real-world machine control and agentic systems. • This acquisition positions Meta as a leader in embodied AI, competing with rivals in robotics hardware and software.

• Indian benchmark indices ended positively on May 4, 2026, with Nifty 50 closing at 24,100 after gaining 122 points and Sensex up 356 points at 77,488 amid volatile trading. • Realty, metal, and healthcare sectors led broad-based gains, driven by falling crude oil prices and improved investor sentiment following state election results, while IT stocks lagged. • Top Nifty gainers included Adani Ports (up 5%), Adani Enterprises, Eicher Motors (up 3%), Hindustan Unilever, and Shriram Finance; laggards were Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy's, ONGC, and TCS.

• Meta reported $107bn in contractual commitments for Q1 2026 cloud services to fuel AI model development. • Aggressive investments include datacenter expansions and supply chain deals for AI hardware components. • Company expects AI breakthroughs later in 2026, pushing to monetize advanced research.

European Commission says tech company does not have effective measures to keep under-13s off Facebook and InstagramThe tech company Meta has been found to be in breach of EU law for failing to prevent children under 13 from using its Facebook and Instagram platforms.Issuing the preliminary findings of a nearly two-year investigation, the European Commission said on Wednesday that Meta did not have effective measures in place to stop under-13s accessing its services. Continue reading...

Meta, which owns Facebook, acquired Manus in December 2025 for more than US$2 billion in a bid to boost its capabilities in AI agents.

Meta said Monday that the transaction "complied fully with applicable law" and that it anticipates "an appropriate resolution to the inquiry."(Image credit: Jeff Chiu/AP)

Government’s draft news bargaining incentive scheme includes 2.25% levy on local revenues of digital giantsAnthony Albanese has urged Google, Meta and TikTok to make deals with Australian media outlets to avoid a dedicated 2.25% levy on local revenues, warning digital giants should not be able to exploit the work of journalists to boost profits.Releasing an exposure draft for the government’s news bargaining incentive (NBI) scheme on Tuesday, the prime minister said platforms who sign new deals with publishers to pay for news content would receive offsets of between 150% to 170% from the new levy. Continue reading...

• China's National Development and Reform Commission prohibited Meta's acquisition of Singapore-based AI startup Manus on April 27, 2026, requiring all parties to withdraw. • Manus, with Chinese roots, was targeted in a security review of foreign investment despite Meta's compliance claims from its California headquarters. • The decision heightens US-China tech tensions, impacting Meta's AI expansion and cross-border M&A in semiconductors and intelligence tools.

Meta to lay off 10% of its staff and Microsoft to offer retirement to 7% of US workforce. Plus, Iron Maiden at 50Good morning.Meta and Microsoft are cutting thousands of employees as they bet big on AI and executives claim that the technology is meeting productivity needs.What have they said about AI? Mark Zuckerberg said in January that AI was making some hiring unnecessary. Mustafa Suleyman, Microsoft’s AI chief, said in February that he believed AI would be able to replace most white-collar work within the next 12 to 18 months.How many tech layoffs have there been in 2026? In four months, more than 92,000 employees in the industry have lost their jobs, according to the tracker Layoffs.fyi. But some experts believe companies may be “AI washing” – using it as cover for a slowing labor market and demand or rising costs. Continue reading...

• Meta released Llama 4 on April 20, 2026, a 2 trillion parameter multimodal AI model trained on 15 petabytes of US-centric data. • The model outperforms GPT-4o on benchmarks like MMLU (92% score) and supports vision-language tasks for enterprise apps. • Open-sourcing aims to spur US AI innovation, with downloads exceeding 500,000 in first hours via Hugging Face.

• Scale AI raised $2.5 billion in fresh funding on April 19, 2026, at a $15 billion valuation, backed by Meta and Tiger Global. • Capital expands US data annotation workforce to 50,000, focusing on synthetic data for autonomous vehicles and LLMs. • Funding counters labor-intensive bottlenecks in AI training, vital for US competitiveness.

Social media corporation terminated Sama contract after allegations its staff viewed private scenes filmed by Meta’s smartglassesMore than 1,000 low-paid workers in Kenya have been abruptly sacked by an outsourcing company for the US social media corporation Meta, in what activists said was a “shocking” move exposing the precariousness of global south tech workers.Sama, a company based in Nairobi to which Meta outsourced content moderation and AI training work, announced on Thursday that the workers were being laid off after Meta terminated a contract. That came in the after reports some of the Kenyan workers involved in data annotation were asked to view content filmed by the company’s AI smart glasses showing wearers using the toilet or having sex. Continue reading...