The world's largest social network has more than 2 billion daily users, and is expanding rapidly around the world. Led by CEO Mark Zuckerberg and his chief operating officer, Sheryl Sandberg, Facebook undergirds much of the world's communication online, both through its flagship app and its subsidiaries Instagram, WhatsApp, and Oculus. Despite huge financial success, Facebook is also confronted with questions about data privacy, hate speech on the platform, and concerns that frequent social media use can lead to unhappiness. The Verge publishes a nightly newsletter about Facebook and democracy, subscribe here.
The tech industry’s moment of reckoning: layoffs and hiring freezes
Over the past few months, the economy has started to turn, and tech workers are being hit hard. Meta, Twitter, and more have fired thousands, and others are slowing or freezing hiring.