- ASX SPI 200 futures little changed at 7,207.00
- Dow Average down 0.1% to 34,941.63
- Aussie up 0.7% to 0.7199 per US$
- U.S. 10-year yield little changed at 2.0469%
- Australia 3-year bond yield rose 1bp to 1.66%
- Australia 10-year bond yield rose 5bps to 2.23%
- Gold spot up 0.9% to $1,869.81
- Brent futures up 1.0% to $94.18/bbl
- 10:30am: (AU) Australia to Sell A$750 Million 126-Day Bills
- 10:30am: (AU) Australia to Sell A$750 Million 98-Day Bills
- 11:30am: (AU) Jan. Part Time Employment Change, prior 23,300
- 11:30am: (AU) Jan. Full Time Employment Change, prior 41,500
- 11:30am: (AU) Jan. Employment Change, est. 0, prior 64,800
- 11:30am: (AU) Jan. Participation Rate, est. 66.0%, prior 66.1%
- 11:30am: (AU) Jan. Unemployment Rate, est. 4.2%, prior 4.2%
- 11:30am: (AU) Jan. RBA FX Transactions Market, prior A$1.94b
- 11:30am: (AU) Jan. RBA FX Transactions Government, prior -A$1.98b
- 11:30am: (AU) Jan. RBA FX Transactions Other, prior A$768m
Mark Zuckerberg unveiled a list of principles for work at Meta Platforms Inc. in which he calls its employees “Metamates.”
The founder of Facebook, which changed its name in December to reflect a newfound focus on the so-called metaverse, laid out his vision for internal culture in an employee memo he shared on Tuesday. The familiar Move Fast motto remains, joined by Build Awesome Things, Live in the Future, Focus on Long-Term Impact and Be Direct and Respect Your Colleagues.
Meta’s chief executive officer said it is now “a distributed company” and gave a nod to its international nature by saying “we will continue hiring around the world.”
Zuckerberg mentioned the employee label in his conclusion: Meta, Metamates, Me. As explained by Meta executive Andrew Bosworth on Twitter, it’s a naval reference. “It’s about the sense of responsibility we have for our collective success and to each other as teammates,” Zuckerberg wrote.
His post generated a mix of enthusiasm and derision online. Some social media users pointed out the slogan put the company first and the worker last. Others applauded the billionaire’s comments.
Meta has weathered a succession of hits to its public image in recent times after whistle-blower Frances Haugen ignited debate about whether the company prioritized profit over social responsibility. This month, the Facebook parent lost about $251.3 billion of market value after unveiling disappointing results, the biggest wipeout in market value for any U.S. company ever.