Executives at Facebook’s parent company in 2022 stopped committing funding to the initiative, slowing progress.

The pledge has been whittled down significantly as the Silicon Valley tech company has faced layoffs and shifting priorities.

However, by late 2022, the program had lost momentum. According to internal sources and reporting from The Mercury News, Meta ...

Mark Zuckerberg’s Meta is seemingly pulling back from its plan to spend $1 billion on affordable housing in California.

an additional commitment in the settlement. The DOJ’s lawsuit alleged that the Meta “enabled and encouraged” advertisers to target housing ads to Facebook users by relying on the race ...

It's putting that cash to good use with its latest commitment to shareholders. Reality Labs, the division of Meta housing its metaverse technology, generated a total of $6.3 billion in revenue ...

He said he would like to bring Zuckerberg back to Capitol Hill to testify about housing discrimination and a long list of issues concerning Meta’s algorithms. He said regulations are overdue.

A $250 million effort to finance mixed-income housing on surplus state land throughout California was in the works when Meta ...