In a shocking, sweeping round of layoffs that took place on April 1, the tech giant shocked the entire industry by letting go of around 30,000 employees globally with just one cold email. What has drawn more attention is not just the scale of the cut altogether, but the profiles of those affected
Cole Tomas Allen parents: All we know as neighbor speaks out after WH shooting, ‘Very solid and…’Cole Tomas Allen, a Torrance resident, was identified as the suspect in a shooting incident at a gala in Washington, D.C. Updated on: Apr 27, 2026 4:36 PM IST By Shweta Kukreti Share via Copy link
Thirty students of Delhi University’s Hansraj College have been suspended in the past week for alleged violence and misconduct during an annual festival, and allegedly defaming the institute on social media, The Indian Express reported on Monday
The Jammu and Kashmir administration has declared Jamia Siraj-ul-Uloom, one of South Kashmir’s biggest seminaries, as an unlawful entity under the Unlawful Activities Prevention Act for alleged “covert linkages” with the banned group Jamaat-e-Islami, The Indian Express reported on Monday
Authorities in Jammu & Kashmir have declared Darul Uloom Jamia Siraj-ul-Uloom, one of Kashmir’s biggest educational seminaries in Imam Sahib area of Shopian district, an “unlawful entity" under the Unlawful Activities (Prevention) Act, 1967, over alleged links with the banned Jamaat-e-Islami
Meta shares jump on strong earnings report
Meta shares jump on strong earnings report
Meta on Wednesday reported quarterly earnings that topped market expectations, as revenue grew along with investments in artificial intelligence.
The parent of Facebook and Instagram said it made a profit of $22.8 billion on revenue of nearly $60 billion in the recently ended quarter, adding it could take in as much as $56.5 billion in the current quarter.
"We had strong business performance in 2025," Meta co-founder and chief executive Mark Zuckerberg said in an earnings release.
Meta shares rose more than 8 percent in after-market trades.
Some 3.58 billion people used apps owned by Meta daily in the quarter, which are being enhanced with the help of AI, according to the social networking giant.
Meanwhile costs tallied $35.15 billion, an increase of 40 percent from the same period a year earlier, the earnings reported noted.
"Zuckerberg is clearly going all?in on AI, and it wouldn't be surprising to see the share reaction cool as investors absorb those aggressive investment plans," said Hargreaves Lansdown senior equity analyst Matt Britzman.
Even so, Meta is assembling one of the largest AI compute clusters outside the cloud giants, all aimed at strengthening its family of apps.
Capital expenses, including infrastructure such as data centers to power AI, were $22.14 billion in the quarter, according to the company.
Meta expects to spend more than $100 billion this fiscal year, driven by increased investment in Meta Superintelligence Labs and its core business.
"I'm looking forward to advancing personal superintelligence for people around the world in 2026," Zuckerberg said.
Zuckerberg has predicted that AI-infused smart glasses will be the "next major computing platform," eventually replacing the smartphone.
But Reality Labs, Meta's virtual and augmented reality unit, has consistently posted big losses.
Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology benefits society and generates profits in the not-so-distant future.
Most analysts believe Meta will make the investment pay off by improving advertising efficiency and creating new opportunities, such as with its smart glasses through a partnership with Ray-Ban maker EssilorLuxottica.
The earnings report came as a landmark trial accusing Meta of being among tech firms addicting young people to social media gets underway in Los Angeles.
"Paired with momentum behind classroom cell phone bans and a broader push to regulate social media usage among kids and teens, it's clear that Meta and its rivals have hit a watershed moment that could end up having massive implications for their businesses," said Emarketer senior analyst Minda Smiley.
Meta is monitoring legal and regulatory headwinds in Europe and the United States that could take a toll on its business, chief financial officer Susan Li said on an earnings call.
"For example, we continue to see scrutiny on youth related issues and have a number of trials scheduled for this year in the US, which may ultimately result in a material loss," Li warned.
The case being heard in California state court is being called a "bellwether" proceeding because its outcome could set the tone for a tidal wave of similar litigation across the United States.
Snap and TikTok-parent ByteDance have negotiated settlements to avoid the trial, leaving Meta and Alphabet's YouTube as the remaining defendants.
Zuckerberg is slated to be called as a witness during the trial.
The case focuses on allegations that a 19-year-old woman identified by the initials K.G.M. suffered severe mental harm because she was addicted to social media.
Social media firms are accused in hundreds of lawsuits of addicting young users to content that has led to depression, eating disorders, psychiatric hospitalization and even suicide.
Internet titans have argued that they are shielded by Section 230 of the US Communications Decency Act, which frees them of responsibility for what social media users post.
However, this case argues those firms are culpable for business models designed to hold people's attention and to promote content that winds up harming their mental health.
Meta and YouTube have rejected the allegations.
Published - January 29, 2026 09:35 am IST
technology (general)
Source: TheHindu
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