Bitcoin, the world’s most popular cryptocurrency, has managed to flip the market cap of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon Valley B...
Tag: Metas
Meta’s Decentralized Text-Based App to be an Instagram Offshoot
Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through their Instagram creden...
Meta’s new Instagram-branded app to support decentralized social networking protocol
Meta, the parent company of Facebook and Instagram, is developing a new text-based content app that will support ActivityPub — the decentralized social networking protocol. The upcoming app, codenamed...
Democratic Senators Oppose Meta’s Plan to Bring Metaverse to Teens
Meta, formerly known as Facebook, plans to create a version of the Metaverse specifically for teenagers. Democratic Senators are concerned about the potential negative impacts that the Metaverse could...
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens – Metaverse Bitcoin News
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal di...
Is Mark Zuckerberg Finally Stepping Up For Meta’s Damage Control?
Meta lost around 60% value in 2022. They are entering the artificial intelligence arena this year. Recent earnings call points out that Mark Zuckerberg is finally getting aware of how the company has ...
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...
Meta’s Reality Labs lost $13.7 billion on VR and AR last year
Mentions of the “metaverse” were relatively few and far between in Meta’s quarterly earnings call this week — we counted a mere seven mentions compared to 23 for “AI” — b...
Meta’s Stock Soars, Samsung’s New XR Partnership, Prisms VR Math App Raises $12 Million
Meta Stock Soars After Earnings on Zuck Statements and Stock buy-back. “Our management theme for 2023 is the ‘Year of Efficiency,’ ” Meta CEO Mark Zuckerberg said in a call after his company’s fourth-...
Cramer says Meta’s latest quarter shows why he stuck with the stock
CNBC’s Jim Cramer on Thursday used Facebook parent company Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks. “When companies change their stripes, or ...
Meta’s metaverse losses hit $4.3 billion in fourth quarter of 2022
Tech giant Meta’s metaverse spending spree continues as the company’s Reality Labs division posted a fourth-quarter loss of $4.3 billion. Reality Labs is tasked with spearheading the comp...
Meta’s 2022 metaverse losses piling up
Meta CEO Mark Zuckerberg hasn’t been shy when it comes to explaining how costly his march into the metaverse is going to be. “We expect Reality Labs expenses will increase meaningfully again in ...
Meta’s ‘darkest days’ are ahead, but some analysts say ad sales are still on track
From all indications, Meta Platforms Inc. appears to be in mega trouble as it prepares to announce fiscal fourth-quarter results on Wednesday. Facebook’s embattled parent company META, +3.01% is awash...
In Apple and Meta’s fight for VR-AR dominance, an open metaverse may be collateral damage
Apple’s expected release of a new VR-AR headset later this year is setting the stage for a heated battle with Meta for control of the metaverse. The real competition, however might be further ...
Worldwide Webb Review: Not a Perfect Metaverse, but Better Than Meta’s
Key Takeaways Worldwide Webb is a pixel art metaverse game that enables users to customize their avatars into NFTs they own. The platform supports over 40 different Ethereum NFT collections; enthusias...
Meta’s Zuckerberg blames himself for company’s missteps, initiates layoffs: WSJ
Beleaguered Meta CEO Mark Zuckerberg told hundreds of executives that plans to lay off employees would begin tomorrow, according to The Wall Street Journal, which cited people familiar with the matter...
Polygon, Arweave Jump Double Digits as Meta’s Instagram Announces New NFT Tools
It’s been a big day for Arweave and Polygon. News that Instagram will leverage the Polygon blockchain to let users mint and sell NFTs has sent blockchain’s MATIC soaring by 14.3% since yesterday...
Meta’s Instagram Plans NFT Minting, Trading Tools
Instagram is developing an NFT minting and sale feature through its app, parent company Meta announced Wednesday. The upcoming “end-to-end toolkit” for NFTs will allow users to create and launch their...
Meta’s Problems Could Be Fixed but First Mark Zuckerberg Needs a Reality Check
One thing that became clear in this past week’s terrible tech earnings is that Mark Zuckerberg already lives in the metaverse. At the very least, it seems that the Meta Platforms CEO has established r...
What Meta’s Disappointing Earnings Mean For Tech Investors
Getty Images Key takeaways On Wednesday, Facebook parent company Meta reported disappointing quarterly earnings and forecast higher expenses through 2023 Meta stock plunged Thursday, shedding almost 2...
Meta’s Reality Labs Reports $3.6 Billion In Losses, When Will It End?
Meta (formerly Facebook) officially declared its entry into the metaverse space last year with the Reality Labs division. Its announcement had understandably triggered the popularity of metaverse proj...
Meta’s Metaverse division’s revenue for Q3 below analysts’ expectations; losses expected to grow in 2023
Meta reported its first ever revenue drop in the second quarter of this year. Losses were higher than the previous quarter. Zuckerberg is optimistic about Meta and metaverse. Below par performance in ...
Meta’s Reality Lab division suffers $3.7B loss in Q3
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The V...
Meta’s Metaverse Division Reports 3rd Quarter Loss of Over $3.7B
Meta’s Facebook Reality Labs (FRL) division has reported a third-quarter loss of over $3.7 billion, making only $285 million, according to its earnings report released on Wednesday. The FRL is r...
Zuckerberg Asks for ‘Patience’ as Meta’s Costs Spook Investors
(Bloomberg) — Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challengi...
Meta’s Metaverse Division Loses Nearly $3.7B in Q3
Reality Labs’ Q3 numbers follow the business’s losses of $2.9 billion and $2.8 billion in the year’s first and second quarter, respectively Altimeter Capital CEO Brad Gerstner urged Meta to cut back o...
Nvidia Leads Chip Stocks Higher on Meta’s Planned Tech Binge
(Bloomberg) — Buried in a gloomy earnings report from Meta Platforms Inc. was a bit of good news — just not for the Facebook parent company. Most Read from Bloomberg The shares of companie...
Why Meta’s $100B investment in the metaverse is terrifying: Altimeter Capital
Meta’s $100B investment in the metaverse is “terrifying,” according to an open letter dated 24 October 2022 to Meta by Altimeter Capital CEO Brad Gerstner. The CEO criticizes Meta’s supersized investm...
Creators of Meta’s failed Diem stablecoin now launches Aptos Autumn mainnet
Aptos Labs, the creators of the failed Diem stablecoin project that Meta Platforms Inc (NASDAQ: META) had attempted to launch sometime back, on Monday successfully launched their blockchain mainnet ca...
Report: Meta’s Metaverse bet is failing thanks to falling MAU numbers
Almost a year into Facebook’s unexpected rebranding as Meta, the company’s flagship Metaverse product is reportedly failing to meet internal standards. According to a report published by The Wall Str...
Quest Pro VR headset raises privacy concerns for Meta’s future in metaverse
Meta, the parent company of Facebook and Instagram, announced its latest virtual reality (VR) headset at the Meta Connect 2022 event on Oct. 11. The company introduced new features to enhance digital ...
Meta’s Metaverse Has Added a Brand-New Feature to Its Avatars
This week, Meta opened and displayed a clip of all-new avatars, featuring feet. Meta dropped their aim of 500K monthly active users by the end of the year to 280K. Facebook’s predecessor, Meta, is sti...