Meta's chief executive officer said it is now 'a distributed company' and gave a nod to its international nature by saying 'we will continue hiring around the world.'
Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses
Mark Zuckerberg's wealth plummeted as much as $31 billion on Thursday, the third-biggest one-day drop in wealth since the Bloomberg Billionaires Index began compiling data in 2012
Facebook lost a record $251 billion of value in a single day
Meta stock has dropped by more than $200 bn in the biggest single day market value wipeout for a US company; Jeff Bezos, meanwhile, added $20 bn to wealth on Amazon's blockbuster earnings
The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.
Investors wipe off $200 bn from m-cap after firm misses major projections in earnings update
If the drop holds until the market opens Thursday, the company's overall value is on track to drop by a figure greater than the size of the entire Greek economy, based on data from the World Bank
Meta's share price was down about 20% in after-hours trading on Wednesday.
In an earnings call with analysts late on Wednesday, Meta CFO David Wehner said that they saw revenue impact with iOS changes in Q4 2021.
Mark Zuckerberg has a problem money can't fix: convincing Capitol Hill that the metaverse - whatever that is - isn't evil
Of the more than 3,000 open jobs listed on Meta's website, more than 24 percent are now for roles in augmented or virtual reality
Decline in tech stocks this week has wiped about $50 billion in wealth from Silicon Valley's richest people.
All workers returning to office will have to present proof of their booster jabs, while the company closely monitors the Omicron variant situation.
Low investments in tech weigh India down, leaving a shortage of top talent
2021 started on a sour note for the democratic world and it remained under pressure from a dominant communist China
He added that India's talent pool - the engineers, developers and creators, and the vibrant start-up ecosystem - are playing a huge role in shaping the future
The announcement was made by Meta founder and CEO Mark Zuckerberg at Meta's Fuel for India, 2021
Zuckerberg said he is excited about the role that India will play in building the metaverse
Zuckerberg will unravel how emerging technologies like augmented reality/ virtual reality (AR/VR) will evolve education and learning, businesses and the creator economy in India