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Twitter owes ex-employees $500 mln in severance, lawsuit claims
(www.reuters.com)
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this post was submitted on 13 Jul 2023
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Facebook did harm to themselves with the whole metaverse thing. They've already pivoted away from it though.
I wonder how they can change their name back from Meta without admitting that it was an incredibly dumb decision in the first place.
Do people still not understand the name change?
They're called Meta instead of Facebook, because Meta is not only Facebook, but also Instagram, Whatsapp, Threads and so forth.
And by all accounts it still has the same c-suite/management structure as before.
This "restructuring" was done in part to protect the whole when all the antitrust shit finally starts to roost. I'll give their lawyers credit here, they foresaw the inevitability getting slammed with antitrust lawsuits, and now they can less painfully peel off the "offending" subsidiaries and blame them for any wrong doing instead of parent meta.
Plot twist: It's totally still meta that's dictating the evil, they aren't fooling anyone, fuck their plausible deniability.
Google did the same thing when they formed their parent company, Alphabet (an equally stupid name compared to Meta).