(Photo by OLIVIER DOULIERY/AFP via Getty Images) AFP via Getty Images Key takeaways Tech is the big loser of recessions, while essential goods usually weather the storm. A few industries tend to buck ...
Tag: Meta
Tech’s Bill Is Coming Due. Investors Aren’t the Only Ones Who Will Pay.
For two years now, tech companies have spent massive amounts of money building the capacity to serve what they believed would be a higher level of postpandemic demand. If you build it, they will come....
Why Did Meta Stock Go Up This Week?
| Getty Images Key Takeaways Meta saw its shares drop in price from $325+ to below $90 last year. The company has started 2023 strong, up 10.05% over the last 5 days. Those investors who are intereste...
Tori Ortiz On The Metaverse, Breaking Barriers For Latine Athletes & Influencers
OSU Track & Field star Tori Ortiz is inspiring the Latine community on the track and in the … [+] Metaverse with a new partnership. Courtesy of Pitchfork Okhaloma State University Track Tori...
VR Headset Sales Underperform Expectations, What Does It Mean For The Metaverse In 2023?
| Getty Images Key takeaways VR headset sales were down in 2022, reflecting waning interest in a buggy metaverse. Even if consumers wanted to engage with this technology, the current price of headsets...
Meta Fined Over $400 Million By EU For Alleged Personal Data Collection Violation
Topline A European Union privacy regulator fined Facebook and Instagram parent company Meta more than $400 million on Wednesday, accusing the social media giant of illegally forcing users to agree to ...
Meta Weighs Reinstating Trump’s Facebook Account After 2-Year Ban—Here’s How It Will Work
Topline Facebook parent company Meta is considering whether to allow former President Donald Trump back on the social media platform in the next few weeks, roughly two years after he was banned in the...
Michael Burry of ‘Big Short’ fame expects another ‘inflation spike’ after recession rocks U.S.
U.S. inflation may be receding for now, but investors should brace for another “spike” in the not-too-distant future, according to Scion Asset Management founder Michael Burry, who posted the warning ...
Meta buys smart lensmaker Luxexcel to further AR ambitions
Facebook parent company Meta has acquired Luxexcel, a Dutch startup specializing in smart eyewear. News of the purchase was first reported by and later confirmed by . “We’re excited that the Luxexcel ...
The Crypto Winter will last through 2023 and maybe 2024, predicts PayPal and Meta alum David Marcus
David Marcus may lead a Bitcoin-focused company, but he doesn’t see the Crypto Winter ending anytime soon. Marcus was CEO of PayPal and also ran crypto efforts at Facebook (now Meta). He currently lea...
Ex Meta exec says crypto winter to end in 2025
David Marcus, advocate of the Bitcoin Lightning Network, thinks there is more pain to come in 2023 as market tries to recover from bad actors. David Marcus is the CEO and co-founder of Lightspark, an...
The Dow Handily Beat the Nasdaq in 2022. Here’s What History Says Happens Next.
Y2K is back in a big way in the fashion world, but history isn’t just repeating itself on the runway. The stock market appears to be nostalgic for the early 2000s, as it is once again turning its back...
Buy Berkshire Hathaway Stock. Warren Buffett’s Company Remains the Ultimate Defensive Megacap.
This article is an excerpt from “Here Are Barron’s 10 Top Stocks for the New Year,” published on Dec. 16, 2022. To see the full list, click here. Warren Buffett’s company Berkshire Hathaway remains th...
Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record
In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jo...
Meta and Alphabet Are Losing Their Advertising Throne
Meta and Alphabet Lose The Advertising Throne It seems that the long-held duopoly ruling the $300 billion advertising market is coming to an end as tech giants are fighting for their piece of the pie....
Tech Companies Move Ahead Of Broadcasters In The Online Video Advertising Space
NEW YORK, NY – JUNE 17: The Apple logo is displayed at the Apple Store June 17, 2015 on Fifth … [+] Avenue in New York City. The company began selling the watch in stores Wednesday with th...
Stock Buys Among Tesla, Apple, Amazon, Alphabet, Netflix, Microsoft And Meta
A Google (Alphabet) office in Chicago. Photo by Interim Archives/Getty Images Getty Images People have a number of names for the small group of stocks that investors clung to, and rode to big profits,...
Meta Stock Rises Yesterday, Company Agrees To Settle The Data Scandal Case
People were fond of social media when it initially emerged around 2004. People were loving Facebook as it allowed the people to transit in what we call an interactive web today. But users started to s...
U.S. stocks end higher, but S&P 500 logs 3rd straight weekly decline ahead of Christmas
U.S. stocks ended higher in a choppy, preholiday session Friday as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking ...
Meta Is Cheap for a Reason: Shareholders Aren’t the Focus
There is news this morning that Facebook parent Meta Platforms (META) has agreed to settle a class action lawsuit against the firm stemming from the Cambridge Analytica scandal. The firm will pay $750...
How to play the Meta stock after a $725 million settlement on Friday
Meta Platforms Inc (NASDAQ: META) is in focus this morning after the tech behemoth agreed to a $725 million settlement over a privacy lawsuit. Brief overview of the said lawsuit The class action lawsu...
Tesla, Nutanix, Meta and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billio...
Metabloqs Meta Paris Opens To the Public With the Onset of Meta-Christmas
Metabloqs, the vibrant Swiss metaverse built on the XDC network, is the kin to the iconic monuments and wonders of the real world. Meta Paris Beta, Metabloqs’s first metaverse city, is launched public...
How META PYLON Can Help
Generate stickers from your own NFT, buy StickerNFT, paste them, change the background, and put it in the metaverse, and even other than pylon objects… Here’s a project that offers a whole new experie...
Your Very Own Casino World With Meta: Affordable Virtual Reality
The VR world has no rules and limits; it is a place where your wildest dreams can come true. If you have ever wanted to visit a real casino but never had the opportunity, then an affordable virtual re...
Disney, Amazon May Join an Unenviable Club of 44 Stocks
Amazon com was trading lower on Tuesday, putting it within a hair’s breadth of closing below its pandemic low. Walt Disney waffling between small gains and losses, is in the same territory. With the S...
Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects – Coinotizia
John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there ar...
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs – Metaverse Bitcoin News
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made som...
Meta Backs Metaverse Despite Losing Billions and Stock Price Plunge
In September of 2020, Facebook (now known as Meta) released Facebook Reality Labs. During the Q3 of 2022, Meta’s Reality Labs metaverse business lost nearly $3.6B. While the whole IT sector has been ...
Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects – Metaverse Bitcoin News
John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there ar...
Meta Says It Still Believes in Metaverse—Stock Is Down 64% Since Name Change
While 2022 has been a tough year for the tech industry, Meta has had an especially rough run. Its stock has dropped 60% since the company changed its name in October 2021, when its stock traded at $32...
John Carmack leaves Meta: VR maestro lost.
John Carmack, the creator of games such as Doom, Quake, Wolfenstein 3D and Commander Keen, resigned as consulting CTO from Meta. John is considered a Virtual Reality virtuoso. Carmack cited the inter...