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The Latest Breaking News from Meta

This Week in the Metaverse: Zuckerberg tries to reconcile A.I. with the billions he’s already sunk into the metaverse

Meta’s metaverse division, Reality Labs, lost nearly $4 billion in the first quarter—a billion dollars more than it lost in the same period last year.

Fortune

Meta Platforms’ VR Workers Making An Unusual Salary Reported By The Washington Post

The Facebook parent company has been hiring the best quality of talent to stay ahead of its competition in the metaverse.

Zenger

Meta Ends Facebook Watch Originals, Tables ‘Red Table Talk’

Five years after its measured and considerable premium streaming play kicked off, the social media giant retreats to the primordial ooze of user-generated content from which it came

Broadcasting & Cable

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Meta Platforms Scrapping Facebook Watch As Jada Pinkett-Smith’s Show Sees Its Final Days

Jada Pinkett-Smith's ‘Red Table Talk’ Will Be Looking For A New Platform As Meta will be focused on the metaverse.

Zenger

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

ABC News

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

Android Central

Stocks Close Sharply Higher as Meta’s Earnings Impress

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.76%. Stock indexes Thursday rallied sharply, with the Nasdaq 100...

Barchart

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Stock Market Today: Meta Earnings Spark Major Rally on Wall Street

The Facebook parent's quarterly results overshadowed a worse-than-expected reading on Q1 gross domestic product.

Kiplinger

Jada Pinkett Smith’s Red Table Talk show cancelled as Meta decides to shut down FaceBook Watch originals

Other shows which will be affected by the demise of Facebook Watch originals include Steve Harvey’s Steve on Watch and various docuseries hosted by JoJo Siwa, Yara Shahidi and Becky G

Evening Standard

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

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

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Tom’s Guide

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.

TechRadar

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.

Barchart

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.

The Guardian - UK

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

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Fortune

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.

ABC News

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.

Android Central

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.

The Guardian - US

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 Conversation

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…

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.

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