Meta promised $1 billion for housing. Then it quietly walked away

Meta promised $1 billion for housing. Then it quietly walked away

A $250 million effort to finance mixed-income housing on surplus state land throughout California was in the works when Meta pulled funding.

Meta Targets More 'Underperformers' in Mid-Year Reviews

An anonymous reader shares a report: Meta is expanding the ranks of its lowest-rated employees in mid-year performance reviews, a move that could lead to more performance-based cuts. Meta is telling managers to put more employees in "Below Expectations", the lowest performance bucket during this year's mid-year performance reviews, according to a memo shared on Meta's internal forum on May 14, which was viewed by Business Insider. For teams of 1…

Meta could take millions of SMEs with it, if it exits Nigeria

In April 2025, a legal ruling by Nigeria’s Competition and Consumer Protection Tribunal marked a pivotal moment in the intensifying standoff between Meta Platforms Inc. and the Nigerian government. The tribunal upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) on Meta—parent company of WhatsApp, Facebook, and Instagram—for multiple violations of Nigeria’s data protection and consumer laws. I…