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“Facebook’s Meta reports first ever revenue drop” Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 3.4% in extended trading. The company said it expects…
” Aptos Labs raises $150M, more than doubling valuation “ Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation…
” Turkish crypto exchange joins COPA to fight against ‘patent trolls’ “ Major Turkish crypto exchange BtcTurk has joined the crypto patent alliance (COPA) to team up with prominent firms in their mission to provide open access to patents and empower the adoption of crypto technologies. COPA aims to abolish patents as it’s perceived as…
” Time to accumulate? 5 sectors to watch during crypto winter “ It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes,…
“Facebook shared deleted user data with cops: lawsuit” Facebook employees were able to access deleted user data and share details with law enforcement agencies, according to allegations included in an explosive lawsuit filed by an ex-employee who said he was ousted for raising concerns about the practice. Brennan Lawson, a former member of Facebook’s global…
” NFTs to authenticate racing car parts: Nifty Newsletter, June 29–July 5 “ In this week’s newsletter, read about Binance’s partnership with the most-followed TikToker Khaby Lame. Check out how Vincenzo Sospiri Racing will use NFTs to authenticate car parts and how NFTs will gradually appear on Facebook and other Meta-owned apps. Meanwhile, an NFT…
” Does the Metaverse need blockchain to ensure widespread adoption? “ Many are thrilled at the prospect of the Metaverse with its virtual worlds that can be used to play online games, but also to train surgeons on 3D organ models and enable students to visit recreated villages in ancient Greece astonishingly brought to life….
” Meta signals closure of Novi wallet after a 10-month pilot “ Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project. Novi’s website landing page has been revamped to inform pilot users that the platform will be decommissioned on September 1….
” NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues “ Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the…
“I was one of Facebook’s first employees and it was very strange – Zuckerberg waved sword at us” An entrepreneur who used to work at Facebook has shared his experience while at the tech giant. Noah Kagan took to TikTok to list the “weirdest” things that happened while he worked for one of the world’s…