Meta Winding Down Support for NFTs on Facebook, Instagram – Bitcoin News

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading s...

Instagram, Facebook NFTs Fall Flat as Meta Shifts Focus to Messaging Payments ⋆ ZyCrypto

Advertisement &nbsp &nbsp The short-lived collectibles project started its pilot phase last year in May. Meta is reportedly shifting focus to messaging payments. Almost a year...

Meta to wind down NFT support on Instagram, Facebook

Meta is winding down its non-fungible token (NFT) project barely a year after it began the initiative Collapse of NFT integrations is a critical failure for Meta in Zuckerberg’s “year of efficiency” T...

Meta suspends NFT feature on Facebook and Instagram 

Meta has announced plans to suspend its NFT service on Facebook and Instagram to focus on other ways of supporting creators and businesses on its platform. The move is attracting severe criticism on c...

Why Meta Is Calling It Quits On Support For NFT In Both Facebook, Instagram

Meta, the parent company of social media giants Instagram and Facebook, has announced that it will be discontinuing its integration of non-fungible tokens (NFTs) on its platforms. On Monday, the head ...

Meta Plans to Stop Support for NFTs on Facebook and Instagram

According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months. Just over a year after revealing pla...

Meta to Wind Down Support for NFTs on Instagram & Facebook

According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months. Just over a year after revealing pla...

Facebook parent Meta to abandon NFT pursuits

Ad Stephane Kasriel, Head of Commerce and Financial Technologies at Meta, said on March 13 that his company plans to discontinue its non-fungible token (NFT) features. Meta will pursue fintech instead...

Meta pulling the plug on NFTs across Instagram and Facebook

Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just under a year after it launched. Stephane Kasriel, Meta’s head of...

Facebook Parent Company Meta Exploring Decentralized App: Report

The app, codenamed P92, is still under development. It will allow users to log on using their credentials for Instagram, the photo-sharing social media site also owned by Meta. It will support the Act...

Meta Is Working On A Decentralized Twitter Alternative Reportedly Codenamed P92

Topline Meta on Friday said it is working on a new social media platform for sharing “text updates” reportedly designed to compete directly with Twitter, which has been hit by various operational issu...

Global Ad Revenue For Print Struggles, As Total Ad Revenue Nears $1 Trillion

WARC projects global ad revenue from Amazon to surpass total print in the near future. (AP … [+] Photo/Steven Senne, File) Copyright 2020 The Associated Press. All rights reserved According to a...

What Brands Need To Know: Social Marketing In 2023

Search and display advertising aren’t the only parts of the marketing landscape that have changed over the past three years. As various social platforms have waxed and waned and mechanics and dynamics...

Facebook (Meta) Announces Launch of ChatGPT Rival ‘LLaMA’

Meta has trained a system they name LLaMA and plans to reveal it to researchers. An AI arms race for a slice of the expanding industry has been sparked by ChatGPT. After the triumph of ChatGPT, Mark Z...

Do The Top Tech Stocks Still Have Bite In 2023?

getty Key takeaways Most tech stocks faced severe challenges in 2022, including supply chain bottlenecks, closing factories and decreased demand due to inflation Companies like Tesla and Netflix exper...

Supreme Court Lets Police Get Away With Jailing Man Who Made Fun Of Them On Facebook

Without any dissent, the U.S. Supreme Court on Tuesday refused to hear an appeal from Anthony Novak, who was jailed for four days and charged with a felony for making a parody Facebook page of his loc...

Facebook and Instagram Could Reach 12 Million Paid Subscribers by 2024

According to BofA analyst Justin Post, the paid subscribers could help Meta generate as much as $1.7 billion in high-margin revenue in 2024.  The Bank of America Corporation (NYSE: BAC), of BofA, has ...

Meta Jumps On Twitter’s Bandwagon, Introduces Premium Subscription Model For Facebook And Instagram

(Photo illustration by Chesnot/Getty Images) Getty Images Key Takeaways Meta is introducing a premium service aimed at content creators on Facebook and Instagram Twitter was the first social media pla...

Zuckerberg announces paid subscription service for Facebook and Instagram

Meta CEO Mark Zuckerberg announced a new paid subscription service for Facebook and Instagram on Sunday, granting users a hallowed blue check for a monthly fee. Meta Verified will cost $11.99 a month ...

After Return To Growth, Ribbon Communications (RBBN) Looks To Step On The Gas

Ribbon CommunicationsRBBN (RBBN) reported fantastic Q4 results last night, with revenue and adjusted earnings for the period of $233.6 million and 9 cents per share coming in well above the $229.2 mil...

Hedge-fund legend Seth Klarman pounced on Amazon and parent companies of Google and Facebook in the fourth quarter

Seth Klarman, one of the top money managers of all time, quadrupled his firm’s stake in Amazon.com in the fourth quarter, one of several big bets on mega-cap tech companies that were made. A 13-F fili...

This Facebook executive’s $4 million stock sale could be another sign of Meta’s rebound

A Meta Platforms Inc. executive’s multimillion-dollar stock sale could be another sign that things are returning to normal at the social-media company. Chief Business Officer Marne Levine sold $4.45 m...

Phony Crypto Facebook Post Sends Australia Into an Uproar

Crypto traders in Australia got scared a few weeks ago when they saw a phony Facebook advertisement claiming they needed “social credit scores” of approximately 100 or more to do business with crypto ...

What is Facebook Metaverse? Is the Facebook metaverse an app?

What is metaverse? The term’s prefix, “meta,” is Greek and denotes beyond, after, or across. Thus, the term “metaverse” refers to a location that exists outside of the world or the universe as users k...

Facebook to Meta: Is Metaverse truly the Land of Opportunity?

Meta recently announced earnings of February 1, 2023, with the next expected date being April 26, 2023.  Statista estimates that Metaverse will reach 700 million people by 2030.  Revenue-wise, the hig...

Meta Rumored To Make Further Layoffs, Prompting Surprising Market Reaction

(Photo illustration by Chesnot/Getty Images) Getty Images Key takeaways Meta announced $32bn in revenue for Q4, beating analysts’ expectations The earnings report this week was laser-focused on solvin...

Meta Stock On Pace For Best Day In 10 Years

Topline Shares of Meta staged a massive rally Thursday after the Mark Zuckerberg-led Facebook parent company beat expectations in its latest quarterly earnings numbers, outlined cost-cutting measures ...

Big losses for Facebook metaverse (Meta)

The parent company of the social networks, Meta (Facebook) has suffered a loss of $13.7 billion due to its investment in the metaverse, and this is making investors impatient.Watcher Guru, a vigilant ...

Meta (formerly Facebook) sees stock value rise despite $13B in VR losses

Meta ⁠— formerly Facebook ⁠— reported positive news for general investors but bad news for those interested in its virtual reality (VR) division in its Feb. 1 earnings report. The company saw substant...

Google, Facebook e Amazon popular stocks

Stocks such as Facebook, Amazon and Google (Alphabet) are among those that have given the best performance with exorbitant gains in Nasdaq history. Performance often rhymes with fame, and in this rega...

Exclusive Behind-The-Scenes Photos Of President Obama With Steve Jobs, Reed Hastings, Mark Zuckerberg And More

President Barack Obama shakes hands with Netflix CEO Reed Hastings, with Chinese leader Xi Jinping … [+] in the background Barack Obama Presidential Library / U.S. National Archives The Barack O...

Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs

In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...