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The Latest Breaking News from Meta

Kylie Jenner can't redeem AI glasses

Meta recruited a celebrity to make smart glasses feel safe for women. They aren't

Salon

Why India Is Worried About WhatsApp's New Username Feature

For years, your phone number has been your identity on WhatsApp. It helped friends find you, businesses contact you, and users verify who they were talking to. But that could soon change. WhatsApp is preparing to introduce usernames, allowing people to connect without sharing their mobile numbers. While the feature…

MyLifeXP

No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure

The Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trillion erased in June, markets are shifting focus from AI hype to profitability, free cash flow and monetisation ahead of earnings.

The Economic Times

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WhatsApp should freeze username rollout as it could ‘increase cybercrimes’, says India — but Meta claims impersonation isn’t an issue

The great WhatsApp username rush is on, but there may be problems with scammers and impersonations.

TechRadar

Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus

September Nasdaq 100 E-Mini futures (NQU26) are down -0.30% this morning, pointing to further losses after semiconductor stocks led Wall Street lower in the previous session.

Barchart

WhatsApp says claims of people reserving popular, well-known usernames false

The rebuttal came as part of a set of FAQs released by the Meta-owned messaging platform around its contentious username feature - which is under fire over impersonation and fraud concerns.

The Economic Times

Meta Employees Burned $221M in AI Tokens in One Month: Now Big Tech Starts Counting Every AI Prompt

Companies are moving from unlimited AI usage to budgeted management, focusing on cost-effective productivity while maintaining significant gains. AI adoption continues to grow, with refined usage strategies.

International Business Times UK

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South Korean Hot Stocks SK Hynix, Samsung Tumble as Semiconductor Selloff Spreads From Wall Street to Asia: ETFs You Should Watch

South Korean stocks tumbled Thursday as a broad semiconductor selloff spread from Wall Street to Asia, dragging the benchmark index, Korea Composite Stock Price Index, lower after heavy losses in SK Hynix Inc and Samsung Electronics Co.

Benzinga

South Korea's Kospi plunges 8%, extending a two-day slide. What's unsettling the world's hottest market?

South Korean stocks experienced a sharp two-day decline, with the KOSPI index plummeting over 10%. This downturn was fueled by concerns over excess AI capacity following Meta's plans and weakness in U.S. tech shares. Major chipmakers like SK Hynix and Samsung Electronics saw significant drops, triggering trading halts. Despite this…

The Economic Times

WhatsApp usernames safe from scams, impersonation? Meta issues FAQs amid government scrutiny

WhatsApp is rolling out a new username feature, allowing users to connect without sharing phone numbers. The company has released an FAQ addressing concerns about impersonation and scams, following a government notice. Usernames are optional, and a "username key" adds an extra layer of security. Well-known names are being reserved…

The Economic Times

WhatsApp is introducing usernames: What they are and how they work

WhatsApp is introducing usernames, allowing users to chat without sharing their phone numbers. The optional feature marks one of the biggest changes in the messaging app's history, which has relied entirely on phone numbers since its launch.

Newslaundry

Why has Wall Street fallen out of love with the 'Magnificent Seven'?

Big Tech's mega-cap leaders suffered their worst month in years this June as investors fled the AI-spending trade and capital quietly rotates elsewhere.

Euronews

I already paid $300 for Meta’s smart glasses — now it's charging $20 a month for a key feature

Meta is rate limiting its Conversation Focus feature on smart glasses. Here's why paywalling this locally-run tech that helps people who are hard of hearing is a new low.

Tom’s Guide

META Stock Pops on Reports of New Cloud Business

Meta Platforms shares rally on reports that the company is about to launch a commercial cloud infrastructure business. BMO reiterated its $720 price target on META shares today.

Barchart

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Barchart

Weakness in Chipmakers Drags Stock Indexes Lower

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.54%. September E-mini S&P futures (ESU26 ) fell -0.21%, and September E-mini Nasdaq futures...

International Business Times

Stocks Decline On Wednesday; Chipmakers Underperform As Investors Reassess Who Will Win The AI Race.

The Dow Jones edged down, while the S&P 500 declined further and the Nasdaq Composite underperformed.

Kiplinger

Dow Closes Lower as Caterpillar Stock Slumps: Stock Market Today

Sinking chip stocks dragged on the Nasdaq on Wednesday, but a big rally for Meta Platforms helped limit losses.

The Economic Times

US stocks today: S&P 500, Nasdaq edge lower as tech shares slide

US stocks ended slightly lower as weakness in technology and semiconductor shares weighed on sentiment, even as Meta rose after reports of an AI-driven cloud expansion. Investors also tracked Fed Chair Kevin Warsh’s remarks that inflation risks have eased, alongside ongoing US-Iran tensions and upcoming US jobs data.

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International Business Times

Meta is Opening a New Business Area Related To AI. Investors Are Elated.

Meta Platforms shares soared more than 10% on Wednesday after a report that the social media giant is preparing to launch a cloud computing business aimed at selling excess artificial intelligence computing capacity.

The Economic Times

Days after Meta sent 4 AM layoff emails to 8,000 employees, CEO Mark Zuckerberg says fears of AI job losses are overstated and more jobs could be created if...

Meta CEO Mark Zuckerberg believes artificial intelligence won't necessarily lead to mass job losses. He has argued that companies can choose to use AI to empower employees and boost productivity, rather than simply automate tasks and reduce headcount. This perspective comes as Meta itself undergoes significant layoffs while heavily investing…

Android Central

Meta's AI Glasses golf integration is so in-depth that it has me looking for clubs

Meta announced major golf integration and AI, hands-free capabilities with its AI glasses alongside 18Birdies and Arccos.

International Business Times

Tech Companies Built the Most Powerful AI. Now They're Investigating Whether Their Creations Can Feel.

Some of the tech industry's biggest players are now investing resources into studying whether increasingly sophisticated AI models could one day develop experiences that deserve moral consideration.

Barchart

A Cybersecurity Breach Rattles Apple’s Partner In India. What This Means for AAPL Stock Here.

Tata Electronics has acknowledged the breach, and an internal investigation by Apple is ongoing.

Benzinga

Meta Compute Could Trigger a 'Butterfly Effect' in AI Infrastructure — and Fuel a Mag 7 Bounce, Trader Says

Meta Platforms Inc. (NASDAQ:META) sparked a major market reassessment following a Wednesday report from Bloomberg indicating the company intends to launch “Meta Compute,” an internal initiative designed to sell excess AI cloud capacity to external developers. Following the report, shares of Nebius Group N.V. (NASDAQ:NBIS) and CoreWeave Inc. (NASDAQ:CRWV) declined.

Android Central

Discord on the Meta Quest brings your friends within an arm's reach in VR

Discord lands on the Meta Quest App Store, giving users access to a familiar experience from mobile and PC.

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