In brief The FTC has filed suit to block Meta’s purchase of VR fitness app maker, Within. Beyond competition in the VR fitness space, the agency is also concerned about Meta’s plans for the budding me...
Tag: Meta
Alphabet, Microsoft and Now Meta Release Disappointing Quarterly Earnings – News Bitcoin News
Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed...
Meta’s No Good Very Bad Week
FILE – Facebook CEO Mark Zuckerberg speaks at Georgetown University in Washington, Thursday, Oct. … [+] 17, 2019. Federal regulators, Wednesday, July 27, 2022, took legal action to block F...
A Digital Fashion House Partners With Meta. Should We Celebrate or Mourn?
Meta, formerly Facebook, announced last week it would begin selling virtual clothing made by DRESSX in its Avatar Store. The news signified a watershed moment for digital fashion houses. Until last we...
Meta’s metaverse division lost $2.8 billion in Q2 2022
Meta reported losses of $2.8 billion for its metaverse-focused division, Reality Labs, as the firm missed on earnings and revenue for the second quarter. The tech giant’s shares dropped as much ...
The US FTC Wants To Block Meta From Buying The Creator Of Popular VR Fitness App
Is the FTC unfairly targeting Meta? Or are they on to something with their monopoly claims? The facts come to light in the FTC lawsuit against the company formerly known as Facebook. Their aim is clea...
US antitrust watchdog sues to stop Facebook from monopolizing the metaverse
The US antitrust regulator is suing Facebook to stop it from dominating the metaverse. On July 27, the Federal Trade Commission (FTC) filed suit to stop Facebook from acquiring Unlimited and its virtu...
Meta: the metaverse project has already lost $2.8 billion
Yesterday, the second quarter 2022 financial results of Meta, formerly Facebook, were published. Among the most striking figures are definitely the $2.8 billion loss of the metaverse-focused division...
The Federal Trade Commission (FTC) Litigates Meta over VR Fitness App Acquisition
The Federal Trade Commission Litigated Meta over VR Fitness app Acquisition. FTC Litigated Meta for monopolizing the private social networking market in the First quarter of 2022. On wednesday 27th 2...
FTC Files Lawsuit Against Social Media Giant Meta for Allegedly Violating Antitrust Laws
The Federal Trade Commission (FTC) is filing a lawsuit against social media titan Meta for allegedly monopolizing the metaverse. In a new press release, the regulatory agency says it’s suing the compa...
Bausch Health, Meta, Comcast, Qualcomm and more
In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies maki...
Travel Goes Meta – Is It the End of the Industry We Know?
The new digital trend is becoming increasingly popular not only among internet users but also among the classical offline business. Industries are adapting to new realities one by one. Today we are wi...
Meta Sheds $2.8 Billion In Virtual Reality Division This Q2 – More Losses Ahead?
The performance of Meta Platforms during the second quarter of this year was not merely disappointing for Facebook. It is the first time the social media giant has experienced a massive drop in annual...
Meta Metaverse Unit Has Lost $5.7B This Year
Meta’s overall quarterly revenue fell for the first time to $28.8 billion, missing estimates of $28.9 billion Reality Labs, the social media giant’s metaverse division, saw second-quarter sales sink 3...
Metaverse Unit of Meta Records $2.8B Loss in Q2 2022 Report
During the first three months of the year, this division earned $695 million. Zuckerberg has been promoting interoperability for the metaverse. The virtual reality and metaverse section of Meta’s (Fac...
Meta Received A $2.8 Billion Blow In Second Quarter
Meta’s second quarter shows a huge loss in its metaverse division. The organization changed its name to focus on developing the metaverse. Metaverse is a virtual space best experienced through AR, VR ...
FTC wants to stop Meta from ‘owning the metaverse’
The U.S. Federal Trade Commission (FTC) has sued Meta to prevent it from “owning” the metaverse sector. The FTC filed the lawsuit on July 27 to stop Meta’s recent attempt to acquire Virtual Reality Ap...
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Meta Platforms (FB) posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, according to its earnings r...
Meta A Bigger Threat For Crypto Crash Than The Fed, Here’s Why
Meta, the social media giant, previously known as Facebook, will report its earnings in a few hours. A report from the Wall Street Journal highlights that the goliath could be heading for the first re...
Here Comes Another Facebook Overhaul That’ll Leave News Publishers Scrambling
Facebook co-founder and CEO Mark Zuckerberg testifies before a combined Senate Judiciary and … [+] Commerce committee hearing in the Hart Senate Office Building on Capitol Hill in Washington, DC...
Meta Stock Tumbles On First-Ever Revenue Decline, Q2 Earnings Miss
Updated at 5:01 pm EST Meta Platforms (META) – Get Meta Platforms Inc. Report posted weaker-than-expected second quarter earnings Wednesday, as well as its first revenue decline since going pub...
Meta Platforms Second-Quarter Earnings Live Blog
A day after Alphabet (GOOGL) – Get Alphabet Inc. Report and Microsoft (MSFT) – Get Microsoft Corporation Report delivered better-than-feared numbers, investors are hoping Meta Platforms ...
FTC Sues Meta To Block Acquisition Of VR Company Within
Topline The Federal Trade Commission sued Meta in federal court Wednesday in an attempt to block the company’s acquisition of virtual reality app creator Within, the latest effort by the FTC to restri...
Stock futures fall slightly after big Fed rally, Meta shares decline
Traders react on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York ...
Meta Platforms, Ford, Qualcomm, Teladoc and more
Check out the companies making headlines after the bell: Meta Platforms — Shares of the social media company dipped 3% in extended trading after missing second-quarter estimates on the top and bottom...
Facebook Parent Meta Shares Fall After Company Warns Of ‘Weak Advertising Demand’
Topline Facebook parent Meta saw its stock plunge in after-hours trading on Wednesday following second-quarter earnings results that came in below expectations, as investors were particularly spooked ...
Meta to report Q2 earnings as digital ad market struggles and TikTok gains
Facebook parent company Meta (META) will announce its Q2 2022 earnings after the closing bell on Wednesday, and Wall Street is bracing itself following poor showings by Twitter (TWTR) and Snap (SNAP) ...
Facebook Parent Meta Poised to Report First-Ever Revenue Drop
Facebook parent Meta Platforms is expected to post its biggest drop in daily users and its first decline in revenue as the company struggles to adjust to macroeconomic forces and growing competition f...
Meta Reports Earnings Today. What to Expect.
Text size Meta continues to spend heavily on its multiyear project to build out “the metaverse.” Justin Sullivan/Getty Images Last week’s ugly June quarter earnings report from Snap has investors on e...
Meta Hires Keke Palmer to Help Demystify Metaverse
American tech giant Meta Platforms Inc hired Hollywood actress Keke Palmer to help drive the metaverse concept to the general public. Meta Platforms has launched a video series dubbed “Metaverse 101”...
What To Expect In The Meta Earnings Report
Facebook owner Meta Platforms (META) is set to report quarterly results that should provide a clearer snapshot on advertising spending, the core source of revenue for all social media companies. The M...
Manufacturing Titan 3M Is Spinning Off Its Healthcare Business Into A Separate Company
The 3M company, historically known as The Minnesota Mining and Manufacturing Company, is famous for some of the world’s most well known products. These products include daily household staples such as...