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The parent company of Facebook rebranded as Meta Platforms in October 2021. Current CEO Mark Zuckerberg, along with Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, founded the company in 2004. Meta’s flagship app remains a moneymaker, with robust ad sales revenue, and the company has focused its efforts on its video feature, Reels. Meta is facing headwinds of late with regard to privacy, trust and safety, and payments.

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Art by Mike Sullivan

SpaceX Makes a $75 Billion Offer Investors Can’t Refuse

By Cory Weinberg · Mar 31, 2026 6:00am PDT · 3 comments
Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued Elon Musk conglomerate, they will be under intense pressure to buy into its initial public offering at a $1 trillion–plus valuation. The most important question for many of them will be: Can I really afford to sit this out? Heightening Wall... Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued...
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Exclusive

Meta Platforms to Lay Off Hundreds

By Jyoti Mann · Mar 25, 2026 6:36am PDT
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter, part of a broader effort to overhaul the company for work in the AI age. The cuts will affect staffers in Reality Labs — the division behind its hardware platforms and wearables — as well as across its... Meta Platforms will lay off a few hundred people across the company on Wednesday, according to...
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The Briefing

OpenAI Wrongfoots Disney

By Martin Peers and Ann Gehan · Mar 24, 2026 5:00pm PDT
Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a customer of the ChatGPT creator. The theme park and entertainment firm agreed to both steps as part of a deal struck last December in which it licensed its characters for use on OpenAI’s Sora video-generation tool. On Tuesday, OpenAI decided to shut... Walt Disney Co. must be so glad it committed to investing $1 billion in OpenAI and becoming a...
Art by Mark Sullivan.
The Big Read

OpenAI Readies Itself for Its Facebook Era

By Kalley Huang, Erin Woo and Stephanie Palazzolo · Oct 24, 2025 6:03am PDT · 6 comments
This summer, Fidji Simo wasted no time addressing a concern among many at OpenAI. Leading her first all-hands meeting as the startup’s new CEO of applications, she acknowledged that she and many others at OpenAI shared the same background: They’d previously worked at Meta Platforms. And then Simo, who’d risen to be head of Facebook over a decade... This summer, Fidji Simo wasted no time addressing a concern among many at OpenAI. Leading her...
Meta CEO Mark Zuckerberg via Getty
Creator Economy

Why Facebook Mulled Wiping Friends Lists

By Kalley Huang and Kaya Yurieff · Apr 22, 2025 2:02pm PDT
Trials are great for airing technology executives’ private ruminations, including some of their most out-there strategies. Among the most extraordinary that have so far come to light in the Federal Trade Commission’s antitrust lawsuit against Meta Platforms is CEO Mark Zuckerberg’s “potentially crazy idea” in 2022 for refreshing Facebook: ... Trials are great for airing technology executives’ private ruminations, including some of their...