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Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers

Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers The FaceBook currently known as Meta for one failed venture that incinerated nearly $100 billion in cash for its failed transformation to a virtual reality hub while laying off thousands, is at it again. As we previewed a few weeks ago, Meta - which inexplicably hasn't changed its name to AIbook yet - will proceed with the first wave of mass layoffs planned for this year on May 20, with more ‌coming later, Reuters...
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May 14, 2026 / Tyler Durden
Major Bank Faces Legal Heat Over Allegations Of Debanking Conservatives
Major Bank Faces Legal Heat Over Allegations Of Debanking Conservatives Capital One is under fire once again over allegations that it has denied banking services to gun retailers and other customers viewed as politically conservative, even as President Donald Trump’s executive actions seek to curb such practices. A Maryland gun store, United Gun Shop of Rockville, recently filed a lawsuit alleging that Capital One, working through payment processor Melio Payments, blocked it from using the bank’s platform for business transactions after flagging its operations in the firearms industry. The store received...
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Mar 4, 2026 / Tyler Durden
Trump's Venezuela Oil Plan Runs Into Hard Reality
Trump's Venezuela Oil Plan Runs Into Hard Reality Authored by Andrew Topf via oilprice.com, Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go...
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Apr 21, 2026 / Jason Ditz
Israel Reports Killing ‘Militants’ in Lebanon Despite Ceasefire as Troops Continues Demolitions
As demolitions continue at scale south of the new “Yellow Line” Israel established in Lebanon’s south, their operations have been more limited north of that area, given the present ceasefire. They have not, however, actually ceased. In Haret Saida, which is near the southern coastal city of Sidon, itself well outside of the Yellow Line […]
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