Telcos wants Big Tech help to pay for 5G upgrades
Want EU to make it happen
Big tech companies accounting for more than five per cent of a telecoms provider's peak average internet traffic should help fund the rollout of 5G and broadband across Europe, according to a draft proposal by the telecoms industry.
Meta reports downscale its metaverse dreams
Although you would not know it
A study commissioned by Meta has found that the metaverse could contribute around 2.4 per cent to U.S. annual GDP by 2035, equating to as much as $760 billion. However, while it is likely that Meta hoped that would be the headline, it seems to need to remember a much earlier report which said that metalife would be much better sooner.
Big Tech lay-offs are already costing them
19th-century staff management approaches don’t work
Faced with falling margins after the Covid bubble burst, Big Tech let thousands of staff go on the assumption that they could rehire them when things got better at the end of the year, but they might have miscalculated, according an Intuit boss.
Russians think that less than a per cent of its trolls are detected
The west are so stupid they believe stories about cathedrals
Buried in the secret documents about the Ukrainian war which a kid leaked to his gaming group to show how important he was, is an indication that nice Mr Putin cleaned the West's clock when it came to manipulating social media and search engine rankings.
Meta allows Europeans to opt out of data sharing
No more personalised adverts for a lucky few
Meta announced that starting next Wednesday, some Facebook and Instagram users in the European Union can opt out of sharing first-party data used to serve highly personalised ads.
Meta cuts 10,000 more jobs
On top of the 11,000 fired in November
Meta is planning to cut 10,000 jobs as well as 5,000 open positions indicating that the company problems are a lot more serious than believed.
Meta works on decentralised, text-based social network app
Claims it will rival Twitter and Mastodon
Meta is working on a standalone, text-based social network app.
Meta will lay off thousands more staff
They will forever remain in the Metaverse
After laying off more than 11,000 employees in November 2022, Meta is going to lay off thousands more.
Facebook still worried about Zuckerberg's security
Is someone trying to kill him?
While Facebook is trying to cut costs everywhere, it is boosting Mark Zuckerberg's considerable personal security budget by $4 million.
Spotify expected to lay off staff this week
More cost cutting
Spotify is planning to announce layoffs this week, according to a new report by Bloomberg as a way for the company to cut costs.