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” Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck “ Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division — formerly known as Facebook’s Oculus division — has been spending increasing sums…
“Meta shares soar on increase in Facebook daily users” Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading. Meta cut a sharp contrast with Google parent Alphabet, which…
“Facebook ‘open borders’ leads to massive data leaks: report” Facebook has failed to safeguard users’ personal data to the point where the company doesn’t know what happens to it or where it ends up, the firm’s software engineers have warned. The news site Motherboard obtained leaked documents indicating that senior software engineers warned the company…
“Facebook owner Meta to open physical store in metaverse bet” Meta Platforms is set to open its first physical store where shoppers can try out and buy virtual reality headsets and other gadgets as the company plots a course to take its highly touted metaverse mainstream. The 1,550-square feet Meta Store at the company’s Burlingame…
” The Metaverse needs to keep an eye on privacy to avoid Meta’s mistakes “ Metaverse skeptics fear the prospect of unprotected data and large-scale user surveillance on a scale never seen before. Ironically, the largest company pushing the Metaverse, Meta (previously known as Facebook), has faced its own fair share of privacy scandals in…
“Mark Zuckerberg’s metaverse mission leaving some frustrated” Mark Zuckerberg’s fixation on transforming the company formerly known as Facebook into a metaverse pioneer has reportedly irked some employees — with workers left frustrated and unclear about their daily responsibilities. Zuckerberg directed a companywide shift toward the metaverse last fall — going as far as to rebrand…
“Mark Zuckerberg, ABC’s George Stephanopoulos among latest Russia sanction targets” Meta CEO Mark Zuckerberg, LinkedIn CEO Ryan Roslansky and Bank of America CEO Brian Moynihan headlined a list of US business luminaries sanctioned by Russia on Thursday – the latest round of escalating tit-for-tat penalties levied following the invasion of Ukraine. Prominent journalists were included…
“Meta shareholders want Andreessen, Alford off board over Zuckerberg ties” A group of 15 Meta shareholders wants the Facebook parent to oust two prominent members from the social media giant’s board of directors — arguing their close ties to Mark Zuckerberg are hampering their ability to do the job. Shareholder Association for Research and Education…
“Elon Musk generates more online buzz than Rihanna, Britney Spears: report” Elon Musk’s bid to mount a hostile takeover of Twitter is helping his Q rating — or popularity — as the world’s richest man is generating more online interest than pop stars Rihanna and Britney Spears, according to a study. Musk is the tech…
“Meta will keep nearly 50% cut of virtual item sales in metaverse” Mark Zuckerberg says Meta plans to let creators sell virtual items in the metaverse — but the company plans in many cases to keep a cut of nearly 50%. In a video posted late Monday, Zuckerberg said Meta is testing features that allow…