Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged […]
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As slow as its development has been, the Metaverse is on its way to greatness. If you are struggling to wrap your head around this concept, here’s another way to think about the Metaverse: it’s a 3D rendering of earth where we, humans, go to live another life emulating the one we already are living. […]
Despite multiple tech giants working on it, the metaverse has yet to arrive in all its virtual glory. In addition, the fifth generation of mobile networks (5G) has yet to be adequately adopted worldwide due to the public being satisfied and content with 4G. But once the metaverse is deployed, 5G adoption will skyrocket as […]
The U.S. Supreme Court on Monday let Meta Platforms Inc’s WhatsApp pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in the WhatsApp messaging app to install spy software allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents. The justices turned away NSO’s appeal of a lower court’s decision […]
Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday of letting violent and hateful posts from Ethiopia flourish on Facebook, inflaming the Ethiopian civil war. The lawsuit, filed by two Ethiopian researchers and the Kenya’s Katiba Institute rights group, alleges that Facebook’s recommendations systems amplified violent posts in Ethiopia, including several that […]
The Biden administration on Thursday accused Meta Platforms Inc of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to stop the deal, saying Meta’s acquisition of Within would […]
A new internet age where content is consumed through intuitive 3D surroundings rather than 2D displays appears to have begun with the development of strong 5G networks, new XR gadgets, and appealing metaverse apps. We will discuss the relationship between Web3, 5G, and the Metaverse below. Before we dive into the meat of the subject, […]
Meta’s share price is collapsing, and the social media giant is on a major downturn. The thus far ruling social media giant of our time, the owner of Instagram, Facebook, and WhatsApp, is experiencing the worst 2 consecutive quarters of its existence. The Meta stock has collapsed and users are still fleeing the platforms, meanwhile […]
Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday […]
Meta Platforms Inc has almost no chance of barring the chair of the U.S. Federal Trade Commission, Lina Khan, from participation in the FTC’s challenge to Meta’s planned acquisition of virtual reality content developer Within Unlimited Inc. But that has not stopped Meta from continuing to wage a campaign for Khan’s disqualification, as evidenced most […]