When Mark Zuckerberg met Seattle: Facebook, Meta, and a turning point for Silicon Valley

ADVERTISEMENT
SPONSOR MESSAGE: Hear the latest news, and dive deep into AWS products and solutions: Attend in-person or virtually.

TODAY'S TOP STORIES

“We were like, alright, at some point, we should probably think about opening up offices in other places. And we figured that Seattle would be a good starting place.”

That was Mark Zuckerberg in 2011, speaking at Facebook’s fledgling offices across from Pike Place Market. In the decade that followed, the social network grew to more than 8,000 people across numerous offices in the Seattle area, as the company reached nearly 3 billion users across the globe, and continued to expand under the Meta umbrella … until this week.

On a new episode of the GeekWire Podcast, we discuss Meta's decision to cut 11,000 jobs, or 13% of its workforce; examine the company’s growth in the Seattle region as an emblem of Silicon Valley’s global ambitions; and consider the new realities for popular tech business models amid the economic downturn. Read more and listen here.

Related: Meta layoffs ripple through Seattle region, taking some of the luster from 'Silicon Valley North'

Catch up on this week's other top stories:

  • Redfin layoffs: The Seattle real estate giant cut 13% of its workforce and its CEO said the slumping housing market “could get worse.”
  • Approval voting: Seattleites overwhelmingly rejected an initiative to implement a new voting system that had support from tech leaders. 

  • Art auction record: The sale of the private art collection of the late Microsoft co-founder Paul Allen reeled in more than $1.5 billion.

  • Homelessness’ billboards: We got the backstory on those giant orange and white signs in Seattle. 

  • Inside the Seattle Auto Show: Electric vehicles are once again the talk of the annual event, taking place this weekend in Seattle.

Thanks for reading, and have a great weekend. — GeekWire managing editor Taylor Soper, taylor@geekwire.com, and GeekWire co-founder Todd Bishop, todd@geekwire.com.
SPONSOR MESSAGE
Live tech and love life in Calgary

Calgary is the place where bright minds and big ideas come together with an unmatched spirit to help solve global challenges. As the third most livable city in the world and a top tech job market in North America, you can build a life – and a game-changing career – of adventure and opportunity here. Visit LiveTechLoveLive.com.

Copyright © 2022 GeekWire LLC, All rights reserved.
You are receiving this email because you opted to receive emails from GeekWire LLC.
 
Our mailing address is:
GeekWire LLC
123 NW 36th St, Suite 203
Seattle, WA 98107
 

Older messages

Electric vehicles in the spotlight at the Seattle Auto Show

Friday, November 11, 2022

'This is the worst thing I've seen in crypto ever' | Class-action lawsuit targets Amazon and Apple ADVERTISEMENT GeekWire SPONSOR MESSAGE: Hear the latest news, and dive deep into AWS

GeekWire Startups Weekly

Friday, November 11, 2022

News, analysis, insights from the Pacific NW startup ecosystem View this email in your browser Presented by Flying Fish Partners Spiral, a Seattle startup that analyzes customer feedback, raises $1.25M

Future-proof your career in 2023 at Tombolo

Thursday, November 10, 2022

Now is the time to connect and advance your career GeekWire is pleased to present this special message to our Pacific NW readers. Now is the time to connect and advance your career with courses in

Redfin CEO: 'The housing market could get worse'

Thursday, November 10, 2022

Paul Allen's art collection is a record-breaker at auction | TikTok's impact on restaurants ADVERTISEMENT GeekWire SPONSOR MESSAGE: Hear the latest news, and dive deep into AWS products and

Redfin to cut 13% of workforce and shut down home-flipping business RedfinNow

Thursday, November 10, 2022

Breaking News from GeekWire GeekWire.com | View in browser BREAKING NEWS Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as the Seattle-

[BREAKING] - Pelosi Can’t Quit Because Of This Reason…

Saturday, November 26, 2022

Here's What Happened Please read orunsubscribe here Conservative News [BREAKING] - Pelosi Can't Quit Because Of This Reason… And Biden Lets Them? Here's What Happened >>> Learn

How FTX, Alameda Lost Billions | $477 Million FTX Hack

Saturday, November 26, 2022

Also: How Sam Bankman-Fried Sold The Bahamas An Empty Crypto Dream Also: How Sam Bankman-Fried Sold The Bahamas An Empty Crypto Dream View in browser FTX TOP CREDITORS TO KEEP ANONYMITY FOR NOW The

What we’re thankful for in tech, business, and science this year

Saturday, November 26, 2022

Black Friday online sales hit record $9.1B | Marketplace companies push back on tax code revision ADVERTISEMENT GeekWire SPONSOR MESSAGE: Hear the latest news, and dive deep into AWS products and

Weekender: Google Shares the Top 100 Most Searched Products of 2022

Saturday, November 26, 2022

Nov.​ 26,​ 2022 Sign up | Forward Social Media Today's studioID BROUGHT TO YOU BY — Social Media Today's studioID Key Strategies for Holiday Success This holiday season, consumers are looking

[DEVELOPING] - The Southern Border Could Be Biden’s Doom…

Saturday, November 26, 2022

Here's What Happened Please read orunsubscribe here Conservative News [DEVELOPING] - The Southern Border Could Be Biden's Doom… And Biden Lets Them? Here's What Happened >>> Learn

YOU LOVE TO SEE IT: Amazon Ordered To Cease And Desist

Saturday, November 26, 2022

Also, Los Angeles' “Mansion Tax” officially wins, food delivery workers get a pay boost, and Oregon pardons marijuana offenses. YOU LOVE TO SEE IT: Amazon Ordered To Cease And Desist By Ricardo

Did You Miss This?

Saturday, November 26, 2022

View in browser This Thanksgiving... For The First Time Ever Get 90% Off Forbes Investing Bundle With levels of inflation not seen in 40 years, unpredictable Fed rate hikes, global security concerns

Your new crossword for Saturday Nov 26 ✏️

Saturday, November 26, 2022

Challenge yourself — and your friends — with our latest crossword. We have six new puzzles teed up for you this week. Play the latest Vox crossword right here, and find all of our new crosswords from

Weekend Briefing No. 459

Saturday, November 26, 2022

A Saturday morning briefing on innovation and society. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

German Gold Heist, Walmart Gunman, and the Oldest Living Cat

Saturday, November 26, 2022

Facts, without motives. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌