Meta, like many others, have been hit by the global pandemic that pushed many world economies backward. For instance, the United States GDP fell by 8.9%, and even the country’s imports exceeded its ex...
Tag: Meta
Meta Announces Yet Another Round of Layoffs Affecting 10,000 Personnel
Meta is among the first major IT businesses to carry out a second wave of layoffs. In the end, more than 150,000 jobs were lost by the end of 2022. According to a Reuters report, Facebook parent firm ...
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...
Meta to Let Go of 10,000 Employees to Boost Efficiency
In the face of economic challenges in the US, Meta, the social media behemoth, has announced job cuts to stay competitive and continue to invest in the metaverse. On March 14th, Meta CEO and founder M...
Dow Jones Futures: Nasdaq Leads Rally, But Look For This; Meta Stock Flashes Buy Signal
Dow Jones futures were little changed early Wednesday, along with S&P 500 futures and Nasdaq futures, following mixed Chinese economic data. X Lennar (LEN) headlined earnings after the close, with...
Meta Could Lose Race as Firms Reduce Barrier to Metaverse Entry
A survey of 550 global businesses and technology executives reveals that investment in metaverse objectives will grow, with a small pack of early adopters pulling away from the rest. Will Meta get lef...
Meta Winds Down NFTs for Instagram & FB; Focus Now on Meta Pay
Meta’s Head of Commerce and Financial Technologies Stephane Kasriel posted on Twitter. The company is shifting its investments toward Meta Pay and features that enable creators to earn money on Meta ...
HedgeUp (HDUP) is the perfect token for Meta Masters Guild and Metacade Holders
Advertisement     HedgeUp (HDUP) is forging its way into the crypto market with its innovative platform. The alternative investment platform is a promising cryptocurre...
Mark Zuckerberg says engineers who joined Meta in-person perform better than those who joined remotely
Mark Zuckerberg, co-founder and CEO of Facebook parent Meta, has pointed to internal data analysis that suggests engineers who initially joined the company in an in-person capacity performed better th...
Meta Cuts 10,000 More Workers After Scrapping NFT Plans—Is the Metaverse Still On?
Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse—but recent moves suggest that it is feeling the sting of changing tech trends and rou...
Meta ‘Winding Down’ Instagram NFT Support to Focus on Creators
Barely one year after announcing plans to allow sharing of digital collectibles on its Instagram platform, Meta is pausing the project. Meta Commerce and Fintech lead Stephane Kasriel announced the ch...
Instagram, Facebook NFTs Fall Flat as Meta Shifts Focus to Messaging Payments ⋆ ZyCrypto
Advertisement     The short-lived collectibles project started its pilot phase last year in May. Meta is reportedly shifting focus to messaging payments. Almost a year...
Stocks making biggest midday moves: Buzzfeed, First Republic, Meta
Check out the companies making headlines in midday trading Tuesday. MENLO PARK, CALIFORNIA – FEBRUARY 02: A security guard stands next to a sign at Meta headquarters on February 02, 2023 in Menl...
Bitcoin surges to 39-week high, leaving Meta, Visa, TSMC, and Exxon Mobil in its dust
Bulls ran rampant, pushing Bitcoin to a 39-week high at $26,500. The resulting market cap increase saw the leading cryptocurrency leapfrog Meta, Visa, TSMC, and Exxon Mobil in valuation. Market moment...
Meta Cuts Another 10,000 Jobs
Topline Facebook parent company Meta will lay off another 10,000 employees, the company’s billionaire CEO Mark Zuckerberg announced Tuesday, the second-such massive round of layoffs as the company dra...
Meta Gives Up NFT Dream
The parent company behind Facebook and Instagram has decided to sunset their NFT projects on the two social media networks. Meta Quits NFT According to a recent announcement, Meta has reached the end...
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...
Bitcoin Overtakes Meta In Market Cap As Market Recovery Continues
The past week was eventful in the Bitcoin and crypto market, as three top banks collapsed, triggering a crash in the prices of digital assets. Thankfully, the market saw a reversal following the Fed’s...
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 Analyst Estimates Potential Cost Savings From Fresh Round Of Layoffs, Mostly from Metaverse
Mizuho analyst James Lee reiterated Buy on Meta Platforms Inc (NASDAQ: META) with a $210 price target. Several major news outlets indicated that Meta could initiate another round of layoffs at a simil...
Bitcoin market cap flips tech giant Meta, widens gap on Visa
Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta. At the time of writing...
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...
Meta Shuts Down NFT Project to Focus on FinTech and Content
After working on the non-fungible tokens (NFTs) project for more than 18 months, Facebook parent Meta (NASDAQ: META) has announced its shutdown. Stephane Kasriel, who’s leading Commerce and FinTech at...
Flow and Polygon prices steady as Meta abandons NFTs
Polygon (MATIC/USD) and Flow (FLOW/USD) prices held quite well on Tuesday morning as the Non-Fungible Tokens (NFT) industry was dealt a big blow. $FLOW was trading at $1, about 22% above the weekend l...
Meta Plans to Wind Down NFTs
Meta announced plans to wind down digital collectibles (NFTs), according to a tweet by Stephane Kasriel, Commerce & FinTech Lead at Meta. Some product news: across the company, we’re looking...
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...
Meta ‘Winding Down’ NFT Efforts
Meta is pulling the plug on its NFT initiatives. At least for now. The “winding down” of its digital collectibles efforts comes as the company scrutinizes its priorities, according to Stephane K...
Meta announces plans to stop working on NFTs
Meta is ditching its pursuit of NFTs as the company looks to prioritize, according to Stephane Kasriel, head of commerce and financial technologies at Meta. “Some product news: across the...
Meta Planning Another Large Round Of Cuts This Week, Report Says
Meta is reportedly planning to conduct more layoffs as early as this week, which could be on the same scale as its massive round of cuts late last year—making the Facebook and Instagram parent the lat...