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Meta burns another $4.5B on metaverse in Q2, preps for AI growth
1.8.2024
Meta’s share price popped 7% in after-hours trading following a better-than-expected Q2 earnings call
Facebook Has Lost $1 Billion Every Month On VR Since June 2022
26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...
Why Does Maxine Waters Care About Meta’s Crypto Patents?
23.1.2024
Meta’s assault on privacy should serve as a warning against AI
7.9.2023
Facebook was the worst thing to happen to user privacy over the last two decades. Artificial intelligence could be the worst thing to happen in the days ahead
Thailand Warn Meta to Rein In Crypto Scams or Face Expulsion
22.8.2023
A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes
Starknet Foundation Appoints Meta Veteran Oliva as First CEO
21.6.2023
The executive will help the non-profit promote growth within the Starknet ecosystem
Instagram to reportedly launch text-based app to rival Twitter
20.5.2023
The upcoming app will maintain a Twitter-like centralized feed, allowing users to view content such as text, images and videos shared by followers and recommended accounts
Facebook Parent Company Meta Exploring Decentralized App: Report
10.3.2023
The app, codenamed P92, will be a standalone product for sharing text updates
Disinvitation From Denver Crypto Conference Reveals Tensions Between Aptos, Sui Blockchains
28.2.2023
Tensions have spilled into public between Aptos and Sui, two startup blockchains staffed by teams of individuals who emerged from Facebook's defunct Diem stablecoin project
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
20.12.2022
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 some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company...
The metaverse is happening without Meta's permission
1.12.2022
Despite Facebook’s new name, focus and billions in investment, the metaverse will emerge drastically different from its vision
Meta fined €265M for allowing scrapers to steal Facebook's centralized user data
28.11.2022
Blockchain and Web3 companies are attempting to prevent leaks like these in the future by creating alternative login processes and distributing necessary data collection in a highly decentralized way
'Metaverse’ a top 3 contender for Oxford’s Word of the Year
23.11.2022
Oxford University has opened public voting for the first time with polls set to close on Dec. 2
Facebook Says It Has Created A 'Human-Level' Board Game AI
23.11.2022
Facebook, or as we’re supposed to call them now Meta, announced earlier today that their CICERO artificial intelligence has achieved “human-level performance” in the board game Diplomacy, which is notable for the fact that’s a game built on human interaction, not moves and manoeuvres (like,...
Facebook became Meta one year ago: Here's what it’s achieved
31.10.2022
The company changed its name on Oct. 28, 2021, reflecting growing ambitions to transcend beyond social media and into Web3 and the Metaverse
Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges
28.10.2022
The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously that Meta was a good investment. “I...
Facebook's Legs Video Was A Lie
14.10.2022
Earlier this week Meta CEO Mark Zuckerberg took to the stage to demonstrate that, having spent billions of dollars to create a virtual reality universe (Horizon Worlds) that looked like it was from 2004, his company was working on improving that universe to make it look like it was from 2009...
Meta introduces NFT crossposting and sharing on Instagram
29.9.2022
Users in 100 countries can now connect their digital wallets, post and share nonfungible tokens
Meta Expands Instagram’s NFT Rollout to 100 Countries — Platform Connects With Third Party Web3 Wallets
5.8.2022
In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3...
Shots Fired At Facebook’s VR Monopoly
28.7.2022
It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles,...