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EBay said Tuesday that it plans to lay off 9% of the company's workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than 3% in extended trading.
Mother Jones CEO Monika Bauerlein has had a front-row seat in recent years to watch Facebook upend the media industry.
Meta's stock price has fully rebounded from its awful year in 2022.
Meta is spending billions of dollars on Nvidia's popular computer chips, which are at the heart of artificial intelligence research and projects.
Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors.