Meta (Facebook) has Laid-off so Many Employees, They are Forced to Lease Out Massive Office Space

Zuckerberg, a Giant of Woke & Election Interference, Fits in With Austin Weirdness

Repercussions from Facebook’s social engineering censorship have caused them a loss of several million users and forced massive employee layoffs in recent years.

Because of their losses, continued layoffs, and attempts to slow the profuse bleeding by bandaging their workforces with remote work, Meta continues to sublease their office space in Austin, Texas.

An additional 120,000 square feet of workspace are now available at their 300 West 6th Street Tower address according to the Austin Business Journal.

Zuckerberg visits Texas

That makes over a whopping 700,000 square feet the tech company has now put on the sublease market.

To put this in perspective, a huge new H-E-B FOOD/DRUGS located nearby at US-290 & Nutty Brown Road in Austin is about 106,000 square feet. One could fit almost seven giant H-E-B stores in the amount of space vacated by Meta Facebook employees.

Millions Exited Zuckerberg’s Censorship

Meta has been experiencing the largest single-day declines for any company in history.

Even before the 2020 presidential election, Facebook began censoring any negative posts regarding Hunter Biden’s troubling connections with China and Ukraine, his father’s self-imposed lockdown in the basement and any mention of the Biden Crime Family activities.

Not long after cancelling President Donald J. Trump’s Facebook page, from October through December 2021, Facebook’s daily active users fell by about half a million, from 1.930 billion during July-September to less than 1.929 billion.

It Sucked to Be Zuckerberg

In one week alone, Facebook (now known as Meta) saw its market value decline by more than most public companies are worth.

It was particularly tough for Meta CEO Mark Zuckerberg—who is not only marred by his substantial monetary contributions to the corruption of the November 2020 elections—but being the company’s largest individual shareholder, he lost over $30 billion in just one day.

Facebook’s losses in users have become persistently erratic:

  • Daily Active Users (DAUs): To 1.93 billion from 1.95 billion to 1.60 by Quarter 1 last year.
  • Monthly Active Users (MAUs): 2.91 billion from 2.95 billion.
  • Average Revenue per User (ARPU): $11.57 vs $11.38.

Because of their expansion in the number of users in India (now the country with the most Facebook users), Meta has been making up for their losses in other countries, especially from the United States.

Facebook was heavily fined for using cookies illegally towards the end of 2021 by the French data protection authority, Commission Nationale de l’Informatique et des Liberté (CNIL).

🔹On the French version of Facebook, users were being asked to consent to cookies in such a way that it was much easier for them to accept than reject the request.

🔹They could accept cookies with just one click but there was a more laborious process for refusing.

Facebook/Meta was fined $10,467,073 because its breaches affected so many people and it had been in trouble for past violations.

More Zuckerberg Lip Service

Facebook/Meta was provided three months to change their systems to make it as easy for users to reject cookie requests, but most progress has been in sending out lip service type press releases:

Facebook, renamed “Meta,” said it’s reviewing the court’s decision and is committed to working with authorities.

Knowing the laws in the rest of the EU are the same as in France, more countries are taking such actions against Facebook/Meta.

Meta announced that their hardware division, Facebook Reality Labs, was being broken into a separate division. Its core business is now “Facebook’s Family of Apps” (FoA), including Instagram, Messenger and WhatsApp.

Their Reality Labs segment made $877 million in revenue in the last 2021 quarter with an operating loss of $3.3 billion.

Zuckerberg Faces US Woes

In the United States, in February 2021, a federal judge approved a $650 million Facebook class action privacy settlement affecting over 1.6 million members.

🔹The lawsuit accused Facebook of violating the Illinois Biometric Information Privacy Act over the platform’s use of facial recognition in photo-tagging.

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Analysts suggest that Meta’s losses in North America and Europe are detrimental because they are running out of users to add in the remainder of the world. 

🔹On February 15, 2022 Meta  agreed to pay $90 million to settle a 2012 lawsuit for tracking users even after they logged out of their accounts.

As approved by the US District Court for the Northern District of California, plaintiffs affected by Facebook’s improper data tracking will receive portions of the $90 million. Meta was also required to delete all of the data it wrongfully collected from those users.

Zuckerberg Feed

Meta changed the name of Facebook’s News Feed, the primary part of the service that users scroll through to see what their friends and family have shared. They now call it the “Feed.”

🔹The “News Feed” name had been in place since the feature was first introduced more than 17 years ago.

In a 2020 opinion, a federal appeals court ruled that Facebook’s data collection created “economic harm” and that this alleged data collection required explicit user consent specified under the Wiretap Act. Facebook appealed these decisions to the Supreme Court which declined to take up the case last year, leaving the Ninth Circuit ruling in place.

Eyes of Texas on Zuckerberg

In 2022, Texas Attorney General Ken Paxton filed a complaint against Meta.

Under the Texas Capture or Use of Biometric Identifier Act, it is unlawful to use a person’s biometric data for commercial purposes without their consent.

🔹The law also requires anyone who collected the data to destroy it “within a reasonable time,” but no later than one year after the data was collected.

🔹Anyone found guilty of unlawfully collecting biometric data faces a $25,000 fine for each violation — a violation the complaint alleges Facebook committed billions of times.  

🔹The complaint also alleged Meta Platforms violated the Texas Deceptive Trade Practices-Consumer Protection Act by not being clear with users about what the facial identification data was being used for. Companies found to have violated this law can be fined up to $10,000 for each penalty. 

Typical Austin

🔹In November 2021, Meta stated it was ending its facial recognition system on Facebook and was deleting over a billion individuals’ facial recognition templates.

🔹The company said the decision to end the system came as a result of people opting out of being recognized in images. It also came several months after it settled a similar class action lawsuit in Illinois for $650 million.

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IN GOD WE TRUST

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