Tag: Facebooks

Tech

Here’s Why US Senators Don’t Want Teens to Access Facebook’s Metaverse

03/06/2023
Bitcoin Ethereum News

Two United States senators have asked Mark Zuckerberg, the CEO of Facebook’s parent company Meta Platforms Inc., to cease plans to release its Horizon Worlds metaverse app to teenagers. According to a...

Crypto

Facebook’s ex-gaming chief says Apple holding back crypto gaming, for now

12/22/2022
Bitcoin Ethereum News

Crypto gaming is struggling to gain traction, and at least one person believes the world’s biggest company is partially to blame or at the very least isn’t helping.  Owen O’Donoghue, who spent m...

Tech

Meta fined €265M for allowing scrapers to steal Facebook’s centralized user data

11/28/2022
Bitcoin Ethereum News

The Irish Data Protection Commission (DPC) announced on Nov. 28 that it has fined Facebook developer Meta €265m for breach of the European Union’s General Data Protection Regulation (GDPR). Specifical...

Tech

Facebook’s Meta Fires More Than 11,000 Employees

11/09/2022
Bitcoin Ethereum News

Crypto Live News Facebook’s parent company, Meta has announced to layoff more than 11,000 employees in order. The reason stated is to curb the losses after the firm experienced plunging revenue. This ...

Finance

Meta Confirms Layoffs—11,000 Jobs Cut At Facebook’s Parent Company

11/09/2022
Bitcoin Ethereum News

Topline Meta, the parent company of Facebook, WhatsApp and Instagram, confirmed plans to lay off thousands of workers on Wednesday, the latest tech giant to trim headcount amid gloomy economic forecas...

Tech

Has Facebook’s Dormant Initiative DIEM(LIBRA) been Resurrected with Aptos?

10/19/2022
Bitcoin Ethereum News

Aptos, the blockchain which came into the limelight quickly after its mainnet launch fell prey to the bearish cartel has dropped more than 57% since its inception. It appears that the pre-allocated to...

Tech

Terra could leave a similar regulatory legacy to that of Facebook’s Libra

10/02/2022
Bitcoin Ethereum News

New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST). The proposed legisla...

Finance

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies

09/13/2022
Bitcoin Ethereum News

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by ma...

Finance

Why Facebook’s Live Shopping Was Never Meant To Be

08/04/2022
Bitcoin Ethereum News

Shoppable video will be what drives U.S. consumption, not livestreaming in and of itself. So it is … [+] therefore reasonable to conclude that Facebook and TikTok have both made the right choice...

Tech

Facebook’s metaverse will ‘misfire,’ says Vitalik Buterin

07/31/2022
Bitcoin Ethereum News

Ethereum co-founder Vitalik Buterin doesn’t believe that any of the existing attempts by corporations to create a Metaverse are “going anywhere,” pointing to Meta as being one he believes will “misfir...

Tech

Facebook’s Metaverse “Will Misfire”, Says Vitalik Buterin

07/31/2022
Bitcoin Ethereum News

Vitalik Buterin, the co-founder of the Ethereum blockchain platform, raised some doubts Sunday concerning efforts by existing corporations to create metaverse. According to Buterin, any corporations t...

Ethereum

Ethereum Creator Says Facebook’s Metaverse Attempt Will Fail

07/31/2022
Bitcoin Ethereum News

Even though the concept of the Metaverse is still in its infancy, the creator of Ethereum thinks that tech giants – like Facebook – would have a hard time laying its groundwork. Vitalik Buterin, Ether...

Tech

Vitalik Buterin Says Facebook’s Metaverse Attempt Will Misfire

07/31/2022
Bitcoin Ethereum News

Ethereum co-founder Vitalik Buterin believes that corporate attempts to build the metaverse will fail. Buterin said this while responding to the views of Dean Eigenmann, who pointed out that “while th...

Tech

Facebook’s Metaverse “Will Misfire”: Vitalik Buterin

07/31/2022
Bitcoin Ethereum News

Share this article Buterin has said that he doubts any “existing corporate attempts” to create a Metaverse will succeed.  Buterin Unconvinced by Meta’s Metaverse  Any corporations making efforts to bu...

Crypto

The last remnant of Facebook’s crypto project shuts down

07/02/2022
Bitcoin Ethereum News

Meta reported Friday that it’s covering its computerized wallet, Novi, on Sept. 1 The move comes in the midst of an expansive slump in the cryptographic money market and a new examination on stablecoi...

Crypto

Why Facebook’s Former Crypto Head Is Starting His Own Crypto Startup?

05/13/2022
Bitcoin Ethereum News

Following his resignation from Facebook, David Marcus, the company’s former Crypto head has launched himself into the crypto world. The news was announced on his official Twitter handle on May 12th, 2...

Finance

Facebook’s Transformation Is Being Slowed by A Big Rival

04/29/2022
Bitcoin Ethereum News

They say looking at the stars is like looking hundreds of millions of years into the past since those celestial bodies are so far away that the light they emanate takes eons to travel to our tiny plan...

Tech

Explaining Facebook’s Big Jump Into The Metaverse

04/13/2022
Bitcoin Ethereum News

Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. &#...

Finance

Meta plans to create ‘Zuck Bucks’ for Facebook’s Metaverse

04/07/2022
Bitcoin Ethereum News

TL;DR Breakdown After the failure of Diem, Meta continues to test its luck in the metaverse. It aims to create an in-app token named ‘Zuck Bucks.’ The Facebook Parent Company slowly digs into the tech...

Finance

Investors are fed up with Netflix and Facebook’s parent. Why this portfolio manager is digging in and buying more.

04/02/2022
Bitcoin Ethereum News

It has been a quarter to forget for two of the megacap tech giants, Netflix and Facebook parent Meta Platforms. The 34% decline for Meta FB was its worst on record — the 30% drop in the third quarter ...

Tech

A Glimpse At Facebook’s Metaverse

03/30/2022
Bitcoin Ethereum News

Two crypto scam-related lawsuits stack up on top of Meta’s (Facebook’s new name) large pile. The allegations and the company’s reactions serve well to form an opinion about a possibly disastrous metav...

Finance

This fund sold out of Facebook’s parent and PayPal before their earnings disasters. Here’s what it bought instead.

02/09/2022
Bitcoin Ethereum News

Facebook parent Meta Platforms was probably the least loved megacap tech stock before its slide over its weak first-quarter outlook, but its sheer size meant it was a widely owned holding — according ...

Finance

Facebook’s Principles Are at Odds With the Metaverse

02/07/2022
Bitcoin Ethereum News

News last year that Facebook was rebranding as Meta was greeted with much derision, and to be fair, Mark Zuckerberg’s promotional materials did not do a lot of justice for the metaverse concept. Now t...

Finance

Is this the beginning of Facebook’s downfall?

02/06/2022
Bitcoin Ethereum News

Chief Executive Mark Zuckerberg prepares to testify before a congressional committee about Facebook’s activities in April 2018. (Jim Watson / AFP/Getty Images) If there’s a single immutabl...

Finance

Snap Stock Had Its Best Day Ever. It Doesn’t Have All of Facebook’s Problems.

02/05/2022
Bitcoin Ethereum News

Text size Snap said daily active users grew 20% year over year during the fourth quarter to 319 million. Dreamstime Snap stock rocketed higher Friday after the Snapchat parent reported a surprise prof...

Finance

Stocks Plunge After Facebook’s Massive Sell-Off, Nasdaq Falls 3.7%

02/03/2022
Bitcoin Ethereum News

Topline The stock market fell on Thursday—its first down day in five sessions—as investors once again dumped shares of tech stocks, which were under pressure after Facebook parent Meta Platforms repor...

Tech

Tech Stocks Plunge After Facebook’s Massive Earnings Miss, Nasdaq Falls 2%

02/03/2022
Bitcoin Ethereum News

Topline The stock market fell on Thursday—its first down day in five sessions—as investors once again dumped shares of tech stocks, which were under pressure after Facebook-parent Meta Platforms repor...

Tech

Meta Shares Down 20% After Facebook’s Pivot to Metaverse

02/02/2022
Bitcoin Ethereum News

Judging by the drop in stock price today, investors are not convinced by Facebook’s plans to dive into the metaverse. Shares of Facebook’s parent company Meta are down more than 20% today in aftermark...

Tech

How Facebook’s ambitious stablecoin project came to an end

02/02/2022
Bitcoin Ethereum News

On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations...

Crypto

Reflecting on Facebook’s Hilarious, Well-Deserved Crypto Failure

01/29/2022
Bitcoin Ethereum News

The privacy questions were closely linked to legislators’ skepticism that the Libra project would be a “nonprofit” independent of Facebook’s control. Facebook’s hilariously inept attempt to make it se...

Tech

Diem Selling Assets to Silvergate for $200M, Ending Facebook’s Stablecoin Project: Report

01/27/2022
Bitcoin Ethereum News

In brief The Diem Association will reportedly sell off its assets and IP to Silvergate for about $200M. Facebook originally launched the stablecoin project as Libra in 2019. Facebook’s stablecoi...

Crypto

Facebook’s Bumbling Crypto Venture Diem to Wind Down, Sell Assets

01/26/2022
Bitcoin Ethereum News

Facebook founder Mark Zuckerberg’s ambitious program to create his own cryptocurrency is falling apart amid rising tension from regulators. According to a Bloomberg report released Wednesday, the Diem...