Facebook

The parent company of Facebook rebranded as Meta Platforms in October 2021. Current CEO Mark Zuckerberg, along with Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, founded the company in 2004. Meta’s flagship app remains a moneymaker, with robust ad sales revenue, and the company has focused its efforts on its video feature, Reels. Meta is facing headwinds of late with regard to privacy, trust and safety, and payments.

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Illustration: Clark Miller
The Weekend

TBPN’s Lovable Underdog Era Ends

By Abram Brown · Apr 4, 2026 2:07pm PDT
Welcome, Weekenders! In this newsletter:• The Big Read: A familiar Silicon Valley foe is the mastermind behind those explosive chatbot lawsuits• Tech Culture: San Francisco’s mecca for mad scientists eyes global expansion • Plus, Recommendations—our weekly pop culture picks: “The Idiot,” “Dune Messiah” and “The AI Doc: Or How I Became an... Welcome, Weekenders! In this newsletter:• The Big Read: A familiar Silicon Valley foe is the...
Art by Mike Sullivan

SpaceX Makes a $75 Billion Offer Investors Can’t Refuse

By Cory Weinberg · Mar 31, 2026 6:00am PDT · 5 comments
Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued Elon Musk conglomerate, they will be under intense pressure to buy into its initial public offering at a $1 trillion–plus valuation. The most important question for many of them will be: Can I really afford to sit this out? Heightening Wall... Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued...
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Exclusive

Meta Platforms to Lay Off Hundreds

By Jyoti Mann · Mar 25, 2026 6:36am PDT
Meta Platforms will lay off a few hundred people across the company on Wednesday, according to two people familiar with the matter, part of a broader effort to overhaul the company for work in the AI age. The cuts will affect staffers in Reality Labs — the division behind its hardware platforms and wearables — as well as across its... Meta Platforms will lay off a few hundred people across the company on Wednesday, according to...
Art by Clark Miller; screenshot via YouTube.
The Big Read

Jay Edelson Made Facebook Pay. Now He’s Coming for Silicon Valley’s AI

By Andrew Zaleski · Apr 3, 2026 9:01am PDT · 2 comments
To a degree, Jay Edelson, the class-action litigator who has made himself a constant thorn in the side of Silicon Valley’s biggest companies, likes to present a laid-back image. No power suits and wing tips for him—he prefers hoodies and sneakers. His constant companion at his Chicago office is Arlo, a white-and-gray sheepadoodle. On... To a degree, Jay Edelson, the class-action litigator who has made himself a constant thorn in the...
Art by Mark Sullivan.
The Big Read

OpenAI Readies Itself for Its Facebook Era

By Kalley Huang, Erin Woo and Stephanie Palazzolo · Oct 24, 2025 6:03am PDT · 6 comments
This summer, Fidji Simo wasted no time addressing a concern among many at OpenAI. Leading her first all-hands meeting as the startup’s new CEO of applications, she acknowledged that she and many others at OpenAI shared the same background: They’d previously worked at Meta Platforms. And then Simo, who’d risen to be head of Facebook over a decade... This summer, Fidji Simo wasted no time addressing a concern among many at OpenAI. Leading her...
Meta CEO Mark Zuckerberg via Getty
Creator Economy

Why Facebook Mulled Wiping Friends Lists

By Kalley Huang and Kaya Yurieff · Apr 22, 2025 2:02pm PDT
Trials are great for airing technology executives’ private ruminations, including some of their most out-there strategies. Among the most extraordinary that have so far come to light in the Federal Trade Commission’s antitrust lawsuit against Meta Platforms is CEO Mark Zuckerberg’s “potentially crazy idea” in 2022 for refreshing Facebook: ... Trials are great for airing technology executives’ private ruminations, including some of their...