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The Latest Breaking News from Meta

Meta Platforms Inc (NASDAQ: META) shares are trading lower Thursday amid overall market weakness as stocks move lower following Wednesday's Fed rate hike announcement. The rate increase has pressured stocks across sectors and driven a selloff in tech-related names.

Benzinga

KeyBanc Sees Trade Desk Gaining Out Of EU Crackdown On Alphabet, Meta

Given continued scrutiny on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META), KeyBanc sees a higher probability of regulators requiring walled gardens to open up inventory to demand side platforms (DSPs). Analyst Justin Patterson sees a ~50% probability of Alphabet making concessions on AdTech to the EU, which could prompt similar actions by Meta. Also…

Benzinga

What 24 Analyst Ratings Have To Say About Meta Platforms

Within the last quarter, Meta Platforms (NASDAQ:META) has observed the following analyst ratings:

Benzinga

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Twitter's Employees Can't Go To 'The Happiest Place On Earth' In 2023, Cost Cutting Measures Hit Company Travel

Twitter Inc (NYSE:TWTR) is ditching a companywide retreat scheduled for January 2023 at Walt Disney Company (NYSE:DIS) Disneyland - 'The Happiest Place On Earth,' Bloomberg reports. Twitter cited cost-cutting measures to reduce corporate travel behind the move. The company's occasional gathering, known as 'OneTeam,' was last held in early 2020 in Houston before the…

Benzinga

EU beefs up disinformation code amid Russia fake news fears

The European Union is beefing up its code of practice on disinformation by enlisting more tech companies and adding measures to prevent online purveyors of fake news from profiting

The Independent UK

Benzinga Before The Bell: Tesla Raises Prices, Revlon Goes Bankrupt And Other Top Financial Stories Thursday, June 16

Wall Street Journal Moderna Plans COVID-19 Vaccine Trial For Infants

Benzinga

French Regulator Reaches Truce With Facebook Owner Meta Over Online Ads

France's antitrust watchdog body approved Facebook owner Meta Platforms Inc's (NASDAQ:META) obligations regarding the French online advertising sector. Meta had committed to giving access over five years to advertising inventories and campaign data to adtech companies on 'transparent, objective and predictable' conditions. The watchdog's investigation services raised competition concerns about multiple practices by Meta…

Benzinga

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Meta opens Chicago office after more than two years of pandemic delays. Is it already obsolete?

When Meta, the social media giant formerly known as Facebook, hosted the grand opening for its headquarters in Chicago's Fulton Market district last week, it was a celebration delayed more than two years by the pandemic.

Chicago Tribune

France's international Vivatech fair shows off world pioneers of Web3 frontier

The annual Vivatech trade fair is underway in Paris until Saturday. Four days of conferences and exchanges around Web3, the new generation of internet technology, touch on innovations such as cryptocurrency, blockchain, NFT and of course the latest hype known as the "metaverse".

Radio France Internationale

Dogecoin Co-Founder Takes Swipe At Crypto VCs: Web3 Has Nothing To Offer To Content Creators

Dogecoin (CRYPTO: DOGE) co-creator Jackson Palmer has taken yet another swipe at venture capitalists — in particular, Marc Andreessen, the co-founder of Andreessen Horowitz (a16z), for his comments about the advantages

Benzinga

YouTube Shorts touts 1.5bn users, taking on TikTok

SAN FRANCISCO - YouTube on Wednesday said that more than 1.5 billion people monthly tune into its Shorts video service, which competes with global sensation TikTok.

Bangkok Post

Metaverse Land Just Sold For $2,350 In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,350, which is 1.27x the current floor price of 1.65 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Metaverse Land Just Sold For $2,575 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,575, which is 1.39x the current floor price of 1.65 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

This Plot Of Digital Land Just Sold For $2,888 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,888, which is 1.56x the current floor price of 1.65 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

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The Conversation

How we describe the metaverse makes a difference – today's words could shape tomorrow's reality and who benefits from it

Quick, define the word “metaverse.”

Businessweek

Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems

The company also faces antitrust scrutiny, questions about potential abuses of power, and an advertising business under attack from competitors and regulators.

The Guardian - US

Meta banned firearms sales. Why are they still available on Facebook and Instagram?

A tech watchdog group reveals users can buy materials to build high-powered, automatic weapons in a few clicks

Zenger

Meta’s Quest VR Headset Adds Interactive Feature

Zuckerberg details the goggles' added capabilities on his Facebook page.

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Benzinga

Here's How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years

Meta Platforms (NASDAQ:META) has outperformed the market over the past 10 years by 7.1% on an annualized basis producing an average annual return of 17.77%. Currently, Meta Platforms has a market capitalization of $443.11 billion.

Benzinga

Virtual Land Just Sold For 3 WETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,657, which is 2.00x the current floor price of 1.5 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

This Plot Of Digital Land Just Sold For $5,411 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,411, which is 2.96x the current floor price of 1.5 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Metaverse Land Just Sold For $6,093 (5 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $6,093, which is 3.33x the current floor price of 1.5 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Wales Online

WhatsApp users can now transfer message history from Android to iPhone

Parent company Meta said it was a 'top requested feature' by people switching platforms

WEKU

Meta rolls out more parental controls for Instagram and virtual reality

Meta is taking steps to give parents and guardians more oversight of their teens' activities on Instagram and Quest — implementing changes it had announced in recent months.

Benzinga

Facebook, Twitter, Google Set To Face Hefty EU Fines If Found Not Tackling Fake Accounts

The updated European Union code of practice is set to bring in tighter rules for social media giants in order to curb fake accounts on the platforms.

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