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Meta Platforms, Inc. Announces Executive Changes Meta announced that its chief marketing officer Alex Schultz will become the company's first chief data officer, to better manage AI analytics globally. The Facebook-parent also promoted its vice president of consumer marketing and growth, Denise Moreno, to marketing chief. The leadership changes signal at Meta's move to deepen its focus on data-driven decision-making and AI integration across its operations. Schultz joined the company in 2007 and held responsibilities across various domains like developing Meta's brand strategy and WhatsApp privacy campaigns, according to his LinkedIn page. A 17-year veteran at Meta, Moreno began her career managing email ?marketing and growth experiments, she said in a separate post. 공시 • Jun 24
Meta Platforms Inc Announces Management Changes Meta Platforms Inc. had named Kunal Shah, the Indian entrepreneur, as the new head of WhatsApp, taking over from Will Cathcart, who is stepping down after nearly seven years to focus on product development within the company. Shah launched CRED in 2018 after previously creating the digital payments platform FreeCharge, and he is well-known as a startup investor. Meta is confident that his background in consumer technology and fintech will help propel WhatsApp into its next growth phase as it looks to branch out from just messaging. 공시 • May 29
Meta Platforms, Inc. Announces Quarterly Cash Dividend, Payable on June 25, 2026 The Meta Platforms, Inc. board of directors declared a quarterly cash dividend of $0.525 per share of the company's outstanding Class A common stock and Class B common stock, payable on June 25, 2026 to stockholders of record as of the close of business on June 15, 2026. 공시 • May 28
Proxy Impact Provides Information to Shareholders of Meta On May 26, 2026, Proxy Impact, on behalf of Dr. Lisette Cooper and other investors, filed a shareholder resolution requesting that Meta Platforms, Inc.’s Board assess linking senior executive compensation to improvements in child safety, with a vote scheduled for May 27, 2026, following back to back courtroom defeats described as Big Tech’s Big Tobacco moment. In addition, Proxy Impact highlights significant legal and regulatory risks, including a $375 million penalty in New Mexico for misleading safety claims and a California ruling that Company’s platforms harm young users’ mental health, alongside more than 2,400 pending lawsuits and insurers refusing to cover claims. Further, Proxy Impact also points to increasing global regulatory pressure, including potential fines of up to 6% of global revenue and restrictions on younger users, which could reduce engagement and affect advertising, the source of about 98% of Company’s revenue. Furthermore, Proxy Impact’s proposal further mentioned that Company’s executive bonus plan tied to a $9 trillion valuation target, arguing it incentivizes growth despite rising child safety risks, and asserts that linking pay to measurable safety outcomes would better align incentives and protect long term shareholder value. 공시 • May 21
Meta Platforms, Inc. Begins Fresh Layoffs as Zuckerberg Ramps Up AI Investments Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world morning, starting with employees in Asian hub Singapore, who got the note at 4 a.m. local time. European and US-based staff are expected to receive word early in their time zone as well, according to an internal memo. Staff are being encouraged to work from home while the company cuts roughly 8,000 roles globally. This latest round of cuts is expected to hit Meta’s engineering and product teams in particular and additional layoffs could come later in the year, said people familiar with the company’s plans, who asked not to be named as the information is not public. Meta informed staff that some 7,000 workers have also been reassigned to newly formed teams that are focused on AI initiatives, including products and agents. The company, which has committed well in excess of $100 billion to AI capital expenditures this year, had just under 80,000 employees at the end of March, ahead of the reassignments and layoffs. Chief Executive Officer Mark Zuckerberg has made AI the company’s top priority, committing all resources to keeping pace with rivals like Alphabet Inc.’s Google and OpenAI. That’s led to changes to Meta’s workforce and the way it operates. The company has gone through waves of layoffs over recent years, as Zuckerberg has pushed for increased efficiency. He has encouraged engineers to use AI agents to assist with coding and other tasks, outlined plans to track employees’ devices to improve the technology, and spent time coding his own AI-powered assistant to handle some of his CEO duties, like soliciting employee feedback. These changes have left Meta employees both frustrated and anxious. More than a thousand have signed a petition addressed to Zuckerberg and other leaders of the company demanding that it refrain from collecting their data from devices — which can be as granular as gathering keystrokes, mouse movements and screen content — in the effort to train AI. Others have taken to social media to post about how the threat of layoffs has impacted their work and morale. Meta’s aggressive spending on AI has caused concern among investors, who worry that the company’s investment may not ultimately pay off. While Meta has framed the layoffs as an opportunity to “offset” the cost of some of its major AI investments, analysts at Evercore estimate the cuts will generate only about $3 billion in savings. That’s just a small portion of Meta’s projected capital expenditures this year, which could hit $145 billion, and the additional hundreds of billions that the company anticipates spending on AI infrastructure before the end of the decade. 공시 • May 13
Santa Clara County Counsel Files Landmark Civil Prosecution Taking on Meta Platforms, Inc.'s Role in Massive Consumer Fraud Santa Clara County Counsel Tony LoPresti filed a landmark civil prosecution against Meta Platforms, Inc. The action, which is the first brought in California and the first brought by a local civil prosecutor in the nation, alleges that Meta knowingly facilitates and profits from billions of scam advertisements on its popular Facebook and Instagram platforms that defraud seniors and families and squeeze legitimate small businesses out of fair access to consumers. The complaint, filed in Santa Clara County Superior Court, alleges that Meta is deeply aware of the scale of the problem, tracking up to 15 billion scam ads shown to users every day across its platforms and deriving an estimated $7 billion in annual “violating revenue”—Meta’s internal term for revenue resulting from fraudulent or otherwise prohibited advertisements. According to the filing, Meta’s own systems flag ads that are likely scams but, instead of stopping those ads, the company charges scammers a premium price to run them, a practice that both facilitates and monetizes deception. The lawsuit further alleges that Meta’s sophisticated artificial intelligence tools and high-tech programs actively target vulnerable consumers and contribute to creating and refining scam ads. The complaint alleges that Meta has maintained a network of thousands of “Business Partners” that help scammers post their ads. Many of these Business Partners—characterized by Meta as “trusted” experts—openly advertise their ability to post scam ads on Meta’s platforms. The scams themselves run the gamut, including fraudulent financial products, cryptocurrency schemes, purported cures for incurable diseases, ineffective nutritional supplements, and impersonations of celebrities asking for monetary contributions. Meta is accused of knowingly enabling and profiting from a vast ecosystem of scam ads, with internal documents estimating its platforms host a third of all U.S. internet scams and contributing to more than $2.5 billion in losses for Californians in 2024 alone. Seniors are hit hardest—Californians over 60 lost more than $800 million, and nationwide, older adults reported losses more than four times the average. Meta’s practices allegedly flood its ad auctions with fraudulent ads that drive up costs for legitimate small businesses, while its AI tools generate and test thousands of ad variations in ways a Reuters investigation found can make ads significantly more misleading. According to the lawsuit, Meta’s algorithms then steer these deceptive ads toward people most vulnerable to harm, including users who previously clicked on scam ads, compounding losses among those least able to bear them. Meanwhile, the company publicly touts its commitment to safety but internally prioritizes revenue, including imposing “revenue guardrails” that limit enforcement against scam ads. LoPresti is asking the Court to stop Meta’s unlawful practices through injunctive relief; to require restitution for money lost as a result of Meta’s actions; and to impose civil penalties, including enhanced penalties for violations affecting senior citizens and treble remedies available under California law to deter wrongdoing against vulnerable populations. The complaint underscores Meta’s immense scale and capacity to protect the public if it chose to prioritize safety over its own profits and comply with the law: The company reported nearly $201 billion in revenue in 2025, about 98% from advertising, and ad impressions continue to climb. The lawsuit argues that no company that large should be allowed to treat regulatory fines as a mere cost of doing business while Californians bear staggering financial and emotional losses. The action is brought by the People of the State of California, acting by and through Santa Clara County Counsel Tony LoPresti, with the assistance of outside special counsel Bernstein Litowitz Berger & Grossmann LLP (BLB&G), Bishop Partnoy LLP, and Renne Public Law Group LLP. 
