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With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."
Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S
London CNN —The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall short of effective compliance” with the Digital Markets Act (DMA), which went into effect earlier this month. If the probes find a “lack of full compliance,” they could face “heavy fines,” said European Commissioner Thierry Breton. The practices the European Commission is investigating include what it calls Meta’s “pay or consent” approach. Last October, Meta (META) launched a subscription service, called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions.
Persons: , , Thierry Breton, Elon Musk’s, Meta’s, Meta’s ‘ Organizations: London CNN, European Union, Apple, Google, European Commission, Digital Markets, Microsoft, Commission, Meta, Facebook, CNN
On Feb. 27, an article claiming that the United States was behind the bombing of the Nord Stream underwater pipelines in the Baltic Sea was published on the Substack and Blogspot blogging platforms. The posts were part of a Chinese influence campaign that stands out as the largest such operation to date, researchers at Meta said in a report on Tuesday. The effort, which the company said had started with Chinese law enforcement and was discovered in 2019, was aimed at advancing China’s interests and discrediting its adversaries, such as the United States, Meta said. In total, 7,704 Facebook accounts, 954 Facebook pages, 15 Facebook groups and 15 Instagram accounts tied to the Chinese campaign were removed by Meta, which owns Facebook, Instagram and WhatsApp. Hundreds of other accounts on TikTok, X, LiveJournal and Blogspot also participated in the campaign, which researchers named Spamouflage, for the frequent posting of spamlike messages, according to Meta’s report.
Persons: , Meta, Blogspot Organizations: Facebook, Meta Locations: United States, Baltic, Turkish, WhatsApp
Meta’s ‘Twitter Killer’ App Is Coming
  + stars: | 2023-07-03 | by ( Mike Isaac | ) www.nytimes.com   time to read: +1 min
Mark Zuckerberg has long wanted to dislodge Twitter and provide the central place for public conversation online. On Monday, his company, Meta, which owns Facebook, Instagram and WhatsApp, teased a new app aimed squarely at Twitter’s territory. The app, which is called Threads and is connected to Instagram, appeared in Apple’s App Store for users to sign up to download on Thursday, when it will be released. The app appears to function much like Twitter, emphasizing public conversations, with users able to follow people they already do on Instagram. Some techies have referred to the coming app as a “Twitter killer.”Mr. Zuckerberg is striking while Twitter undergoes fresh turmoil.
Persons: Mark Zuckerberg, hasn’t, Zuckerberg, Mr, Elon Musk Organizations: Twitter, Meta, Elon
Meta’s ‘Year of Efficiency’ Still Looks Costly
  + stars: | 2023-03-14 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Meta CEO Mark Zuckerberg didn’t signal any intention of backpedaling on his vision for the metaverse. Wall Street loves it when Meta Platforms fires people. Maybe a bit too much. The parent company of Facebook said Tuesday it is planning to lay off another 10,000 employees this year. That would amount to about 13% of the remaining workforce following last year’s announced job cuts of 11,000, confirming a Wall Street Journal report from last week.
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