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“# Mark Zuckerberg’s stablecoin project Diem officially shuts down ” Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other…
“# Meta goes Brazil to trademark Bitcoin and crypto services ” Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services. Meta recently rebranded from Facebook as a move to better align with the…
“# Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings ” An exchange-traded fund linked to companies involved with the Metaverse launched on the Cboe BZX Exchange — shorting shares of Facebook’s parent company, Meta. The Subversive Metaverse ETF, listed under the ticker PUNK, opened for trading at $25.15 on Thursday. The…
“# 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…
“# 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…
“#FTC can proceed with Facebook lawsuit” The Biden administration was given another chance to pursue legal action against Facebook over claims that the social network is a monopoly. A federal judge rejected parent company Meta Platforms’ attempt to throw out the Federal Trade Commission’s antitrust complaint. The ruling by US District Judge James Boasberg on…
“#Facebook reveals how it really collects and uses your data” Facebook has just revealed a new Privacy Center feature that aims to provide an insight into what the app does with data. Privacy Center is currently only available for a small number of US users but there are plans to roll it out further in the coming…