Meta plans to expand its retail footprint, internal communication shows
Meta is working on plans to open physical stores and hire retail workers, Business Insider has learned.
The company has an ongoing project to expand its retail footprint, which is not broadly known internally yet, according to an internal communication seen by BI. The communication also said Meta plans to hire retail employees.
Meta has only one physical retail space, called Meta Store, which it opened on its campus in Burlingame, California, in 2022. The store lets shoppers test out some of its hardware products, including its Meta Quest VR headsets and Ray-Ban Meta Smart Glasses, much like its rival Apple, which has more than 500 retail stores globally.
It's unclear how many stores Meta plans to open and the timeline of its retail ambitions, but it experimented with the idea last year by opening a pop-up store, Meta Lab, to sell its smart glasses in Los Angeles.
Meta declined to comment.
The move could give a sales boost to its hardware products, such as smart glasses, which Meta sold more than 1 million units last year. In an all-hands meeting earlier this year, Meta CEO Mark Zuckerberg said it was a "great start" but "not going to move the needle and the business in a core way." He added that 2025 would offer an indication of whether the product line will become a "long-term grind" and whether, in the near term, AI glasses will become a "really prominent computing platform."
The company is also on a mission this year to "drive sales, retention, and engagement," according to an internal memo written by CTO Andrew Bosworth last year. He also said Meta plans to launch half a dozen more AI-powered wearables this year.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
an hour ago
- Axios
Exclusive: X piloting new program to elevate content users agree on
Elon Musk's X is piloting a new program to use its Community Notes feature to highlight posts where people of typically differing opinions actually agree with each other, Axios has learned. Why it matters: The goal is to build momentum around opinions that are widely shared, which could help make conversations on and off X less polarizing. How it works: Currently, Community Notes are used for content that has been marked as potentially misleading. Those notes are only featured in users' feeds when a note's content is deemed helpful by X users who typically disagree. As a part of X's small pilot program, it will test Community Notes on posts that are not necessarily deemed as potentially misleading, as a way to foster more public conversations around issues where X believes people tend to have more common ground than is understood. The pilot will start with a very small handful of Community Notes users in the U.S. before gradually expanding, said X's VP of product Keith Coleman. Those selected to be part of the pilot will not be notified directly that they have been selected, but will start to see callouts in their main feeds to add context to everyday posts. (See image above.) The callouts will be added to posts based on early and limited "like" engagement signals from those posts. Select contributors will be asked to rate and provide more feedback about each post, such as whether they think the content helps to unify a polarizing opinion or if it's funny. That feedback will be used to help develop an open source algorithm to identifies posts liked by people from different perspectives, per Coleman. Between the lines: X is using data from its existing Community Notes participants to help identify users with a range of viewpoints who will be a part of the pilot, Coleman said. The rest will be selected at random. Those selected to participate will have a separate feed in their timelines that will guide them to more posts to add context. Of note: For now, only selected participants from the pilot will be able to post Notes and see them in their feeds, Coleman said. Eventually, all X users will be able to add Notes and see the posts with additional context in their feeds once X gathers enough data from its pilot. Zoom out: Coleman joined Twitter in 2016 and was part of the team that helped build the original Community Notes program. He said the rollout of X's new feature will mirror the way Twitter rolled out Birdwatch, now called Community Notes, in 2021. The first cohort of people who were selected to pilot what is today Community Notes was just 1,000 people, Coleman notes. The big picture: Once seen as a bold effort to replace fact-checking, X's Community Notes feature is now being adopted by other internet giants as a preferred way of moderating internet content. Most notably, Meta eliminated fact-checkers in the U.S. in January, arguing they were too politically biased. It began testing community notes as a replacement, using open-source technology from X shortly thereafter. The bottom line: Contrary to what the public may think about social media conversations, X's data shows that "there's actually quite a lot of agreement, even on controversial issues," Coleman said. The pilot, he believes, has the potential to build momentum and energy around opinions that are widely shared, which could reshape social discourse and how we think about governing. "It has potential to change the world," he said.
Yahoo
2 hours ago
- Yahoo
A US Navy sailor walked BI through what it was like shooting down a small drone with a .50 caliber machine gun
A US Navy sailor used a .50 caliber machine gun to shoot down a small drone last month. The engagement came during a major NATO exercise focused on naval air defense. It underscores how drones are increasingly becoming a key element of maritime warfare. Petty Officer Second Class Brian Diaz saw the small drone coming in through his binoculars. The US Navy sailor quickly called in the threat and got the go-ahead to open fire on it with his deck-mounted M2 Browning .50 caliber machine gun. A hundred rounds went out in a flash. They found their target, and Diaz, a gunner's mate, scored a direct hit on the drone, sending it crashing into the chilly Atlantic waters below. Sailors on the Arleigh Burke-class destroyer USS Thomas Hudner erupted in cheers. The drone that Diaz shot down with his machine gun did not belong to a real enemy, but the exercise was serious all the same, simulating a threat that warships like the Thomas Hudner could face in the future, as drones are finding a greater role in naval warfare. "Being able to go through the motions just gives me peace of mind, that I know I can do it, come the need to do it," Diaz shared with Business Insider during a recent visit to Thomas Hudner that came on the heels of the warship's participation in NATO's Formidable Shield 25 exercise last month. Formidable Shield is Europe's largest live-fire naval exercise and a key opportunity for allies to train for a variety of air defense scenarios. For the Thomas Hunder, the drills included missile and drone engagements. One day, toward the end of the exercise, a handful of NATO warships lined up to face off against different defense scenarios. Diaz was on watch with the .50 caliber, looking out over the water and waiting for instructions to come through on the radio. Diaz said that his first engagement that day was a remote-controlled boat, simulating an uncrewed surface vessel. It was pretty far out, and he could barely see it. Thomas Hunder engaged with all its weapons systems: the large five-inch deck gun, the Mark 38 machine gun system, and the .50 caliber. Eventually, the five-inch gun hit it. It was later that day that he fought the flying drone, a small quadcopter system. Other warships called in the threat to Thomas Hunder. Diaz recalled that he couldn't see it at first, but eventually, the team spotted the threat and marked it as a contact. The drone started to get closer, at one point 200 meters (650 feet) out, getting well within range of the .50 caliber. Diaz asked for permission from a superior to engage the drone before opening fire alongside another sailor operating a second M2 Browning. "We're both shooting," Diaz said. "Boom, boom, boom, boom, boom." At one point, the other sailor paused to reload. That's when Diaz made the kill. "I think I shot the wing off," Diaz said. "What it does is, it's flying, and it's just sitting there, and it just — donk!" he explained. "There's a little sway, and it's straight into the water." Drones of this size, often just a few inches or a foot in length, are incredibly difficult to shoot down because they're so small and can move erratically in the air. Diaz said he was nervous during the engagement, but the successful hit got the crew fired up. Cdr. Cameron Ingram, Thomas Hunder's commanding officer, told BI that some of the crewmembers were watching Diaz from the bridge wing at the time, wondering whether he would be able to take down the drone. "And then he clips it, and it falls," Ingram said. "The whole bridge wing explodes with excitement," he said, noting that the sailor "walks a step taller now." The exercise underscores how the US Navy is increasingly integrating counter-drone training into its planning as it absorbs lessons from the Red Sea conflict, during which the Iran-backed Houthis in Yemen regularly launched drones and missiles at military and civilian vessels operating in the area. The Houthis relied heavily on one-way attack drones like the KAS-04, or Sammad. This fixed-wing drone, which is packed with explosives and can fly long distances, is much larger than a cheap, commercially available quadcopter drone but significantly smaller than a US military MQ-9 Reaper, a well-known combat drone. US warships, including Thomas Hunder, shot down Houthi KAS-04s. The ships weren't known to have battled any Houthi quadcopters; these threats, however, are something the Navy is training for, especially considering their proliferation in other fights. During BI's visit to the Thomas Hudner, which sailed from England to France last weekend ahead of the D-Day events this week, the watch team spotted a quadcopter drone as the destroyer was setting off on its journey. They closely monitored the drone, which turned out not to pose any immediate danger to the ship. Still, the crew was ready to take action if needed. Ingram said that small quadcopters are "absolutely a threat," even if there are limitations in their capability, specifically endurance, range, and payload capacity. While these drones generally can't carry enough ordnance to effectively disable a destroyer, they could certainly hurt people and do enough damage to potentially force the warship into repairs. "I think there will probably be a desire to weaponize those things, but there are limitations," Ingram said. Destroyers like his don't operate close to the coast. An enemy would have to send the drones out several miles from the shore or have a launching platform closer to the warship. But even then, the payload wouldn't be as heavy as a Houthi KAS-04. It is possible that the ship could encounter one near port. Warships have been attacked pierside in the past, though by other threats. The Ukraine war has demonstrated the effectiveness of quadcopters, small, inexpensive first-person view (FPV) drones, in combat. They are mostly used in engagements on land, but Kyiv has at times integrated these drones into maritime operations, demonstrating that it's still possible to burden a naval force even if the desired target isn't necessarily an expensive warship. Read the original article on Business Insider


Forbes
2 hours ago
- Forbes
Rise Of The Machines: A Dividend Revolution Yielding Up To 9.7%
Army of robots. 3D illustration Big companies are about to make even more money. They have discovered they no longer need armies of new hires to grow—extremely bullish news for shareholders because human employees are expensive. Good ones can also be notoriously elusive. For example, I'm the longest-standing member of my kids' school marketing committee, and we're always scrambling for volunteers (what non-profit isn't?). Until now, that is. Over the weekend, we welcomed the most talented marketer I've ever worked with to our team: ChatGPT 4.5. 'GPT' graciously accepted our volunteer position, and we're already actively boosting online referrals for the school. I'm learning cutting-edge 'AI referral' techniques straight from the entity that invented them. It was the easiest recruitment effort I've ever experienced. GPT and I were already collaborating closely to market and sell several software products, so extending our teamwork to the non-profit world was seamless. The same dynamic is quietly playing out at for–profit companies, particularly the tech giants that dominate the cap-weighted S&P 500. A senior executive friend at Meta (META) recently confirmed to me that the company has essentially frozen hiring, pivoting entirely toward AI-driven growth. It already shows in the numbers. Over the past year Meta has increased revenues by 22% while only hiring 10% more people. Sales are growing faster than humans, a trend that I expect to accelerate in the months and years ahead. In fact, I wouldn't be surprised if Meta has already reached peak headcount—which means profits are set to surge even more. And Meta isn't alone in this 'growing without hiring' trend. Alphabet (GOOG) grew revenues by 14% without any net new hires. And Nvidia (NVDA) did grow headcount by 13%, but for good reason—sales exploded by 126%! Microsoft (MSFT) is likewise sailing along without the need for new engineers, with 16% revenue growth on just a 3% headcount increase: Tech Growth The AI adoption at these companies is just beginning. These profit machines are already selling $1 to $2 million in product per employee, but their profits are going to pop as they sell even more without the expense drag of adding new employees! This four-pack packs 20% of the S&P 500 index. When we combine Amazon (AMZN), Tesla (TSLA), Netflix (NFLX) and Apple (AAPL)—four more tech companies that are scaling without hiring—we have 32% of the index. Earlier in the year, I warned that the 'tech heaviness' of the S&P 500 was dangerous—and it sure was during the tariff troubles of March and April. But with trade tensions fading and tech profits exploding thanks to lean payrolls, these big 8 companies are now set to power the index higher. Plus, we have a weakening US dollar. Stocks are, of course, priced in dollars. So, a softer dollar is another bullish catalyst for the S&P 500. As income investors, we can tap this rising tide for steady income. To do so, we'll use covered calls—a strategy where we buy stocks and then sell ('write') call options to other investors. We earn income now from the option premiums we collect, paid upfront to agree to sell our shares at a higher price later. Market volatility from a tumultuous spring means these options pay generous premiums right now (covered call options pay more when things are bouncing around!). So, this is a good market moment to cash in on leftover fear. I'm talking about dividends up to 9.7% that will benefit from the S&P 500 soaring towards 9000. (Yes, it sounds wild—but with record profits plus a declining dollar, this is a potential price target before the end of Trump 2.0.) Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) yields 9.2% and trades at a 6% discount. That's a sweet deal because it holds big winners like Amazon, Alphabet, and Microsoft, then boosts income by selling covered calls on the S&P 500 and international indices. The income from these constantly expiring calls is the key to the EXG's sky-high 'synthetic yield.' The fund collects premiums from option buyers immediately after it writes these calls, generating steady income for shareholders. We can think of this as 'renting' out positions to generate extra cash. EXG owns the underlying shares behind the S&P 500. Each month it leases its collection of stocks and collects the option premiums. Rinse and repeat. Nuveen S&P 500 Buy-Write Income Fund (BXMX) pays 8.1% and trades at a 9% discount to its net asset value (NAV)—another good deal because we're talking Apple and Amazon for 91 cents on the dollar. Finally the Global X S&P 500 Covered Call ETF (XYLD) dishes a 9.7% dividend. It is an ETF, so it trades at par ('fair value'), as most do. XYLD owns the S&P 500 stocks and has also written calls on the S&P 500 that expire later in June. When that happens, the fund will write new calls for July—delivering more tasty income to its investors. Covered Call Funds As sellers of covered calls, they exult in market volatility that delivers high option premiums. Plus, their NAVs have a tailwind—tech profits popping! Brett Owens is Chief Investment Strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: How to Live off Huge Monthly Dividends (up to 8.7%) — Practically Forever. Disclosure: none