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“# Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter ” Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency. Diem — which was previously known as Libra — is Meta Platform’s cryptocurrency initiative….
“# Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest ” Facebook’s parent company Meta says that its newly-created artificial intelligence (AI) “Research SuperCluster” (RSC) will “pave the way” towards building the Metaverse. The social media giant said that it believes RSC is already one of the fastest supercomputers in the world and…
“#Google, Amazon, Meta up lobbying as Big Tech scrutiny rises” Google, Amazon, and Meta spent tens of millions of dollars lobbying Congress last year as the tech behemoths came under increasing scrutiny from antitrust regulators and lawmakers on both sides of the aisle. Google’s parent company Alphabet Inc. boosted spending on lobbyists by 27.5% last…
“#Short seller Spruce Point targets TaskUs, a Facebook moderator” Hedge fund Spruce Point Capital said it has bet against the shares of a company Facebook uses to screen controversial message chats, claiming the firm has a pattern of painting an overly rosy picture of its business. TaskUs is one of more than 10 outside moderators…
“# Meta reportedly plans to integrate NFTs on Facebook and Instagram profiles ” Multinational tech conglomerate Meta is reportedly diving into nonfungible tokens (NFTs) by integrating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. According to the report, Meta is currently working on prototypes that will allow…
“#Mark Zuckerberg defies critics with latest Meta board member” Mark Zuckerberg appears to be sending a message with the latest addition to Meta’s board: The company is going to keep doing things his way — activists, politicians and concerned shareholders be damned. Zuckerberg’s company said last week that Tony Xu, the co-founder and CEO of…
“#Facebook bans ads from hemp-based businesses — although products are legal” Facebook and Instagram’s strict advertising policies are hurting small businesses that make products out of hemp — even though the cannabis derivative can’t get you high, has been legal for decades and was famously farmed by George Washington. Mike Goose, a 41-year-old entrepreneur who…
“#Facebook and Google accused of ‘secret deal’ to carve up ad empire” Facebook boss Mark Zuckerberg and his counterpart at Google, CEO Sundar Pichai, secretly struck a deal in 2018 to carve up the digital advertising market between the two tech giants, according to newly revealed allegations from top state law-enforcement officials. Previously, it was…
“#YouTuber Adalia Rose Williams Dead At 15: ‘Now Dancing To All The Music She Loves’ ” The world lost a beautiful soul this week… Adalia Rose Williams, a social media star who documented her life with a rare genetic condition called Hutchinson-Gilford progeria syndrome on YouTube, has passed away at the age of 15. According…
“# Meta poaches staff from Microsoft and Apple for Metaverse plans ” Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft quoted by the Wall Street Journal, around 100 people have ditched the tech giant’s augmented…