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The Latest Breaking News from Meta

This Investor Just Swapped Amazon Stock For Meta Platforms: Here's Why

One investor is shaking up her exposure to FAANG names after finding a valuation opportunity.

Benzinga

Here's How Much $100 Invested In Meta Platforms 10 Years Ago Would Be Worth Today

Meta Platforms (NASDAQ:FB) has outperformed the market over the past 10 years by 9.67% on an annualized basis producing an average annual return of 21.17%. Currently, Meta Platforms has a market capitalization of $532.63 billion.

Benzinga

After Rising to Fame as Hot Audio Social App, Yalla Finds New Role Model in Facebook

Key Takeaways: Yalla said its first-quarter revenue rose 6.9% to a record $72.3 million, as strong gains for its game services offset a first-time decline for its core voice business Company is launching a wide array of new initiatives, including an instant messaging app and its first-ever hardcore game, in…

Benzinga

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Check Out What Whales Are Doing With Meta Platforms

A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:FB) we detected 24 strange trades.

Benzinga

Zuckerberg sued by DC attorney general over Cambridge Analytica data scandal

Karl Racine accuses Facebook co-founder of direct knowledge of policies that allowed firm to gather data of millions of Americans

The Guardian - US

Twitter, Meta See NY State Comptroller's Anger For Inadequate Content Moderation

New York State Comptroller Thomas DiNapoli has sought votes against directors at Twitter Inc (NYSE:TWTR) and Facebook parent Meta Platforms Inc (NASDAQ:FB) at their upcoming annual meetings, Reuters reports. Twitter and Meta's failure to tackle harmful content, including a mass shooting in Buffalo, N.Y., has led to the call. Thomas DiNapoli, who oversees New York's pension…

Benzinga

What is the metaverse, and what can we do there?

You’ve likely heard recently how the metaverse will usher in a new era of digital connectivity, virtual reality (VR) experiences and e-commerce. Tech companies are betting big on it: Microsoft’s massive US$68.7 billion acquisition of game developing giant Activision Blizzard reflected the company’s desire to bolster its position in the…

The Conversation

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Game On: NASA To Develop Virtual Mars Challenge

The space agency is collaborating with Epic Games to create a metaverse experience on the Red Planet.

Zenger

Facebook whistleblowers allege Meta may have breached Australia’s foreign interference laws

Company accused of deliberately blocking Australian government pages as a negotiating tactic during debate over news media laws

The Guardian - AU

Rod Sims says Facebook should be forced to negotiate with SBS under news media bargaining code

Despite dozens of deals to pay Australian news publishers for content, social media company has left out SBS and the Conversation

The Guardian - AU

Dangerous DIY baby formula recipes go viral as parents get desperate

As a nationwide baby formula shortage sends parents into crisis mode, social media posts containing dangerous misinformation about homemade formula recipes have gone viral online, racking up views in the millions. Although major networks like Facebook, TikTok and YouTube have taken steps to label photos, videos and posts with contextual…

Tribune News Service

Facebook slammed for spreading Putin’s propaganda in NATO’s east

A flood of posts pushing misinformation in Slovakia is putting the spotlight on Facebook for facilitating the spread of pro-Russian theories on the war in neighboring Ukraine, ranging from claims that Kyiv is secretly developing biological weapons to questioning whether President Vladimir Putin’s invasion even happened at all.

Tribune News Service

Meta employees aren't allowed to talk about abortion at work

Leaked internal communications reveal Meta's stance on reproductive rights is an outlier for controversial topics.

Input

Virtual Land Just Sold For 2 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,883, which is 1.11x the current floor price of 1.795 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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Benzinga

Virtual Land Just Sold For 8 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $14,874, which is 4.27x the current floor price of 1.795 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

This US Ruling Could Force Google To Break Up Its Ad Business

A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation targeting conflicts of interest in the advertising technology industry, the Wall Street Journal reports. The legislation could force Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to break up its dominant online-ad business. The Competition and Transparency in Digital Advertising Act would prohibit…

Input

Qualcomm's wireless AR glasses seem like an important stepping stone

The Wireless AR Smart Viewer looks cool, until you hear about the battery life — only around 30 minutes of operation.

Evening Standard

Facebook-owner Meta brings augmented reality research to London

Facebook owner Meta is bringing its augmented reality (AR) research programme to London as the company looks to develop hardware for the metaverse.

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Benzinga

How Are The FAANG Stocks Doing? Checking In

One of the major indices, the S&P 500, is down more than 2% for the week.

Benzinga

Here's Why US Is Probing Deutsche Bank, Other Banks

Deutsche Bank AG (NYSE:DB) is among several investment banks included in a comprehensive industry-wide U.S. regulatory probe, Bloomberg reports. The investigation determines the degree of employee reliance on private communication channels like Meta Platforms Inc (NASDAQ:FB) WhatsApp to conduct business. Deutsche Bank tested new software to improve its ability to archive messages and has…

Benzinga

Metaverse Land Just Sold For $4,010 In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,010, which is 1.18x the current floor price of 1.7 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 $5,013 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,013, which is 1.47x the current floor price of 1.7 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Asharq Al-Awsat

WhatsApp to Launch Cloud API, Premium Features to Attract Businesses

WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company's messaging event on Thursday. The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta has launched more…

Benzinga

Facebook Archrival Marks Gaming Push With Latest Move

ByteDance Ltd owned TikTok conducted tests for users to play games on its video-sharing app in Vietnam, marking its major push into gaming, Reuters reports. Featuring games on its platform would boost advertising revenue and user time on the app. The Meta Platforms Inc's (NASDAQ:FB) Facebook rival looks to roll out gaming more widely in Southeast…

Benzinga

YouTube Forays Live Stream Shopping, Intensifies Rivalry With Instagram

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube pitched itself to advertisers at the YouTube Brandcast event as a better place for their TV ad dollars, TechCrunch reports. YouTube teased upcoming features that it claimed would make it easier for viewers to discover and buy from brands. YouTube touted its forthcoming tools to offer advertisers…

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