Meta has notified employees in Ireland that up to 350 jobs are under threat as the company cuts 10% of its global workforce, roughly 8,000 staff. The tech firm, which employs about 1,800 people in Ireland, is increasing spending on artificial intelligence.
21 May 2026 · Joy Online →
Meta has reached an amicable settlement with Breathitt School District in Kentucky, which had sued over mental health costs allegedly caused by the company's social media platforms. The case, a test case for over 1,000 US school districts pursuing similar claims, was settled alongside three other defendants: TikTok, Snap Inc, and Google's YouTube.
21 May 2026 · Joy Online →
US chip giant Nvidia reported record quarterly sales of $81.6bn and net income of $58.3bn, with first-quarter revenue up 85% year-on-year, yet shares fell 1.6% in after-hours trading as analysts suggest investors have become accustomed to stellar results and cite growing competition concerns.
21 May 2026 · Joy Online →
UK regulator Ofcom has criticised TikTok and YouTube for failing to commit to significant changes reducing harmful content for children, saying content feeds are "not safe enough" despite the platforms' existing safety features. Meta, Snap and Roblox agreed to stronger anti-grooming measures, and Ofcom said it would share concerns about ineffective age-rule enforcement with the government.
21 May 2026 · Joy Online →