A city in the San Francisco Bay Area, home to Meta and a hub of Silicon Valley.
Robinhood has announced a 10% headcount reduction, affecting about 290 employees, while insisting the business has never been stronger. The move aims to flatten the organization and boost performance as markets show resilience and volume trends improve. The restructuring includes closing some open roles and is expected to incur about $20-28 million in costs.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
Meta is pursuing a cloud compute business, potentially selling access to excess AI compute power and/or hosted AI models. The move follows high AI infrastructure spending and could reshape the company’s revenue flow beyond advertising. Investors have reacted positively, while rivals and early pilots offer a benchmark for profitability.
The dog that vanished on the Fourth of July has been rescued in East Palo Alto after a long swim in the bay. Fire crews, police, and animal services coordinated a multi-agency effort. The dog has been reunited with its owners.
Industry leaders warn that AI infrastructure investments have sparked a ferocious race among hyperscalers. Earnings calls show wide investor scepticism about when returns will materialise, even as compute demand remains strong.
The latest rulings in New Mexico require Meta to tighten age verification, curb addictive features, and fund mental-health services for young users. Courts have ordered a series of safety measures and an educational campaign, with continued litigation and potential nationwide implications.
Meta has rolled out updates to its AR glasses to deter covert filming, adding a stronger capture LED safeguard and hardware-based privacy measures. The moves come as regulators in the EU probe the glasses and venues consider bans; the company reports a small share of devices have been tampered with and vows ongoing updates.
Meta has agreed to pay up to $18 billion and to change Facebook and Instagram defaults for US users under 18. The deal ends a federal trial and requires age verification, a two-hour daily cap, night blocks, muted school-hour notifications, removal of visible like counts and limits on cosmetic filters.
Meta has agreed to an $18 billion settlement with 48 states to strengthen age-verification and safety tools on Instagram and Facebook. The deal does not admit liability and carves out ongoing oversight, with audits and time-bound improvements. Other platforms like YouTube and TikTok are urged to follow suit.