Meta’s Chief Revenue Officer Exits in Broad Leadership Reshuffle

Citadel Securities LLC has initiated trading for two baskets of corporate bonds from major tech companies including Microsoft Corp., Amazon.com Inc., Alphabet Inc., and Meta Platforms Inc. This move comes as investors seek more liquid options to engage in substantial investments in artificial intelligence.

Yann LeCun, a prominent artificial intelligence pioneer and head of a research lab at Meta Platforms Inc., has announced his departure from the company at the end of the year to launch a new startup, as revealed in a memo obtained by Bloomberg News.

Meta Platforms Inc. has expressed significant challenges in identifying and removing underage users as it prepares to comply with Australia's upcoming ban on social media access for individuals under 16 years old, set to take effect next month.

Meta Platforms Inc. achieved a significant legal victory in federal antitrust court, as a judge ruled that the company does not need to divest its acquisitions of Instagram and WhatsApp, concluding that it is not a monopoly. This decision comes amidst ongoing scrutiny of Meta's market practices, although the judge's reasoning may have implications for the company's future operations.

John Hegeman, Meta's Chief Revenue Officer, is leaving the company to start his own venture after nearly two decades of working on monetization and the Facebook app. His departure marks a significant change in leadership at Meta, which is currently navigating challenges in its business strategy.