Meta

tl;dr

1. Across the year, more than 149,000 employees in tech were laid off from January through November 2024 alone, with August 2024 seeing the highest single-month total exceeding 26,000 job cuts.
2. Major global tech giants (...

• Mark Zuckerberg announced that Threads now has over 100 million daily active users, marking the first public DAU figure from Meta.
• Threads also boasts more than 300 million monthly active users, up from 275 million in November 2024. ...

• Chinese shopping app Temu is the most downloaded free app in the U.S. for 2024, surpassing TikTok and Instagram Threads.
• Apple’s year-end list highlights ChatGPT at No. 4, showing significant growth since its 2023 release.
• Meta’s a...

• TikTok CEO Shou Zi Chew met with Donald Trump at Mar-a-Lago to discuss the potential US ban on the app.
• The meeting comes as TikTok's legal efforts to fight the ban have so far been unsuccessful, with a US appeals court rejecting th...

• Meta has urged California's attorney general to block OpenAI's transition to a for-profit company, aligning with Elon Musk against the AI firm.
• The company argues that OpenAI's shift could set a dangerous precedent, allowing startups...

• Amazon and Meta are each donating $1 million to President-elect Donald Trump's inaugural fund, as reported by WSJ.
• Jeff Bezos and Mark Zuckerberg have both visited Trump, signaling efforts to strengthen ties with the incoming adminis...

• Elevation Capital appoints Krishna Mehra, ex-Meta executive, as partner to lead SaaS and AI investments.
• Mehra's expertise will enhance the firm's India-US focus and support Indian SaaS and AI founders in global markets.
• Mehra prev...

• Amazon confirms $1mn donation to Trump's inaugural fund, following similar contributions from Meta.
• Jeff Bezos plans Mar-a-Lago visit amid Big Tech's cautious support after Trump's election win.
• Donations align with Big Tech's effo...

• Meta Platforms, led by CEO Mark Zuckerberg, has donated $1 million to president-elect Donald Trump’s inaugural fund, marking a significant shift in their relationship.
• The move follows years of fluctuating interactions, including din...

• OpenAI experienced a significant outage affecting ChatGPT, Sora, and its API around 3pm PT, but services were largely restored by 9pm PT.
• The outage coincided with the launch of OpenAI's integration with Apple in iOS 18.2 and the pu...