#jackdorsey

Observer | Mark Zuckerberg Signals Leaner Future While Meta Doubles Down on A.I. Spending by Alexandra Tremayne-Pengelly AI generated summary, Read the full article for complete information. Meta CEO Mark Zuckerberg announced a forthcoming 10 percent workforce reduction—about 8,000 jobs—while the company redirects spending toward artificial‑intelligence initiatives. In the first‑quarter earnings call he said smaller, faster teams can achieve in a week what once required dozens of months, and that Meta will “streamline our teams” as it pursues artificial general intelligence. Meta raised its 2026 capital‑expenditure outlook to $125‑$145 billion to fund its Meta Superintelligence Labs and aggressive AI‑talent hiring, driving a 35 percent jump in quarterly expenses. Despite beating revenue expectations—$56.3 billion, up 33 percent year over year—shares fell as daily‑active‑user growth missed forecasts. The cuts mirror a broader tech‑industry shift, with companies such as Block, Snap and Microsoft also trimming staff to prioritize AI‑driven efficiencies. Read more: https://observer.com/2026/04/mark-zuckerberg-meta-earnings-cuts-ai/ #MarkZuckerberg #Meta #JackDorsey #Block #Snap #Microsoft #SusanLi #AmyHood #artificialintelligence #business #earnings #evanspiegel #layoffs #technology

Apple pulls Jack Dorsey's Bitchat from China at Beijing’s request. Cointelegraph reports: "Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet." https://flip.it/gg9QyF #Apple #China #JackDorsey #Censorship #Technology