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The Latest Breaking News from Meta

Meta confirms Oculus Quest 3 will be affordable, but its VR business is on thin ice

The Oculus Quest 3 will be available at an "accessible" price according to Mark Zuckerberg, but how much longer can its VR losses continue?

TechRadar

Stocks Rally as Meta’s Earnings Boosts Sentiment

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.48%. U.S. stock indexes this morning are moderately higher. Strength...

Barchart

Jada Pinkett Smith’s Red Table Talk cancelled at Facebook

Move comes amid a wider cost-cutting initiative by Meta

The Independent UK

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Meta promises next-gen Quest VR headset coming at price 'accessible for lots of people'

But Reality Labs is costing Meta over one billion dollars a month and expected to increase more as the year progresses.

PC Gamer

Markets Today: Stock Index Futures Climb on Meta’s Earnings

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.47%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.87%. U.S. stock index futures this morning are moderately higher. Strength in technology stocks is lifting the overall market this morning, with Meta Platforms up more...

Barchart

Meta plans to bring AI to billions in Facebook, Instagram and WhatsApp — here’s how

Meta has its own plans to introduce AI technology similar to ChatGPT into its products.

Tom’s Guide

AI will take over Facebook and Instagram if Mark Zuckerberg gets his way

Meta and Mark Zuckerberg are ready to flood Facebook and Instagram with AI bots whether you want them to or not.

TechRadar

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Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Barchart

How Facebook and Instagram became marketplaces for child sex trafficking

The long read: Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex

The Guardian - UK

Mark Zuckerberg says 'A.I. agents" are coming

In Meta's Q1 earnings call, CEO Mark Zuckerberg fights back against claims the company is abandoning the metaverse.

Fortune

ASX falls, Japan's Kirin to buy Blackmores for $2 billion, Wall St eases as First Republic banking crisis outweighs tech profits — as it happened

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

ABC News

Meta's 'Year of Efficiency' is already starting to pay off

Meta reported its Q1 2023 financial earnings for the January-March period. The company saw more than $28 billion in revenue, following major layoffs and restructuring.

Android Central

Meta reports surprisingly strong quarter one earnings after restructuring hiccups

The company posted $28.10bn in revenue and appears to be shifting focus away from the metaverse to artificial intelligence

The Guardian - US

Children have been interacting in the metaverse for years – what parents need to know about keeping them safe

The metaverse sounds like it could be a scary place. Recent headlines have highlighted the dangers to children of the metaverse – a generic term for the range of online virtual worlds, developed by different tech companies, in which users can interact. Children’s charities have raised concerns about its potential…

The Conversation

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Barchart

Stocks Climb Before the Open as Strong Big Tech Earnings Overshadow Recession Worries

June S&P 500 futures (ESM23) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.27% this morning as solid earnings from a couple of U.S. tech giants boosted market sentiment.

Fortune

Meta's Nick Clegg: No 'level playing field' between Facebook, TikTok

"Companies like Meta are not able to operate our social media services in China,” said the Meta executive in an interview aired Tuesday.

Wallpaper

‘Metaverse Dream’: new book asks where virtual worlds will take us next

A new book by Assouline, ‘Metaverse Dream’, suggests we'll spend a decade of our lives in the metaverse. But will it take us on holiday?

France 24

Big Tech crackdown looms as EU, UK advance new rules

TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies.

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Fortune

Mark Zuckerberg has spent billions on A.I. but one of his top execs said Meta is still a laggard and 'we need to invest heavily'

A top Meta executive wrote in a memo that there was a need for a "fundamental shift" in the company's infrastructure.

The Texas Tribune

Texas kids would need parental consent to create social media accounts under House bill

The House gave initial approval to the bill Tuesday. The legislation is a priority for Speaker Dade Phelan.

The Guardian - US

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

Fortune

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

TechRadar

What is the RESTRICT Act and how will it affect the tech industry?

The so-called TikTok ban bill could restrict way more IT services than that—even VPNs. Here's what's at stake for US users.

Fortune

Brexit means double trouble for Big Tech

Tech companies must now deal with two powerful regulatory cops in Europe—the EU and the U.K.

TechRadar

WhatsApp is getting a long-awaited update so you can use it on multiple phones

The latest WhatsApp update is great news if you use more than one handset.

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