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The Latest Breaking News from Meta

Looking At Meta Platforms Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:META) we detected 64 strange trades.

Benzinga

Meta puts its latest AI chatbot to test

Meta understood early on that language models perform better when they learn from chatting with people. This experience helps the model understand based on the feedback it gets from users

The Hindu

TikTok perverts groom schoolgirls in sick 'sugar daddy' craze as online horror revealed

TikTok let the shocking clips remain online for months along with comments from their pervert ‘customers’. Some of the clips of the four schoolgirls appear to have been taken in classrooms and toilets

Daily Mirror

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Have the tech giants finally had their bubble burst? I’d hate to speculate

For the first time in the tech industry’s history, combined real revenue growth is negative rather than positive and some corporations may yet be facing an existential decline

The Guardian - UK

Revealed: BP’s ‘greenwashing’ social media ads as anger over fuel costs rose

Oil company spent £800,000 on social media influence ads after Labour proposed windfall tax

The Guardian - UK

Mark Zuckerberg's Latest NFT Play: Will It Be A Hit, Or A Swing And A Miss?

The CEO and co-founder of one of the largest social media companies is turning one of his childhood memories into a non-fungible token (NFT).

Benzinga

Benzinga Before The Bell: Should Investors Worry About Tesla's China Sales, Gold Back In Focus, Nio Smartphone Could Soon Be A Reality Other Top Financial Stories Friday, August 5

CNBC International Airlines Prepare For Mayhem Of Summer Travel Season: Report

Benzinga

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Meta celebrates unholy Coinbase union with NFT of baby Zuck

Dapper Labs is also part of the development, which was announced over Mark Zuckerberg's Facebook account.

Input

Meta Platforms Teams With Coinbase And Dapper Labs For NFTs On Instagram: Here Are The Details

Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, is updating plans for its launch of non-fungible tokens (NFTs).

Benzinga

Influencers in revolt — is the Instagram bubble finally about to burst?

Instagram’s bid to compete with its younger rival TikTok has led to a major backlash and a crisis of confidence at the Silicon Valley behemoth. Could a new focus on London revive the fortunes of the ailing platform? Giulia Crouch talks to Meta insiders

Evening Standard

'We Met In Virtual Reality': HBO documentary offers a flawed vision of the metaverse

HBO's groundbreaking documentary on life in virtual reality is a great introduction to newcomers but ignores the active issues facing VR platforms.

Inverse

Meta Platforms Is Exploring Its First Potential Bond Sale: What Investors Need To Know

Meta Platforms Inc (NASDAQ: META) has asked several banks to set up investor meetings for what would be the company's first-ever bond sale. Shares of Facebook's parent company appear to be responding well to the news.

Benzinga

Meta Platforms Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Nick Clegg returns to London with other Facebook owner executives

Former Lib Dem leader to divide time between UK capital and California as Meta’s head of global affairs

The Guardian - UK

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Axios

States' fight over abortion information catches tech in crossfire

Both sides aim to shape what kind of online information about abortion users can access.

Tribune News Service

Citing a mental health crisis among young people, California lawmakers target social media

Karla Garcia said her son’s social media addiction started in fourth grade, when he got his own computer for virtual learning and logged on to YouTube. Now, two years later, the video-sharing site has replaced both schoolwork and the activities he used to love — like composing music or serenading…

Bangkok Post

Let's open Facebook's black box

There's a perfectly good reason to break open the secrets of social-media giants. Over the past decade, governments have watched helplessly as their democratic processes were disrupted by misinformation and hate speech on sites like Meta Platforms Inc's Facebook, Alphabet Inc's YouTube and Twitter Inc. Now some governments are gearing…

Input

Meta illegally shared health info for targeted ads, lawsuit alleges

Two class-action lawsuits have been leveled against Meta Pixel, the company's analytics tracking tool.

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The Guardian - UK

Instagram boss moves to London after backlash over app changes

Adam Mosseri relocates temporarily as Meta continues attempts to counter TikTok’s rise

Input

Xiaomi goes full Google Glass with overly conspicuous AR glasses

The chunky arms and protruding camera of the Mijia AR glasses give it cybernetic attachment vibes.

Reason

U.S. Kills Al Qaeda Leader Ayman Al-Zawahiri. Will It Matter?

Plus: Judge rejects "terrorism" label for January 6 defendant, dozens of abortion clinics have closed since June, FTC staff recommended against Meta lawsuit, and more...

Asharq Al-Awsat

Instagram to Request Information on Ethnic Background

Instagram will start asking some US users for their race and ethnicity to better understand how people from different communities are affected by the app, the Meta-owned company said, according to the German news agency. Instagram head Adam Mosseri said all responses will be encrypted and can't be connected to…

ABC News

Earth recorded its shortest day on record recently. And that could affect our clocks

Earth's rotation has started speeding up, so timekeepers may need to delete a second to keep our clocks synchronised. So, how will that affect us?

Tribune News Service

Google, Apple back affirmative action in Harvard case

Alphabet Inc.’s Google, Meta Platforms Inc. and Apple Inc. are among nearly 70 companies filing a brief with the U.S. Supreme Court in support of affirmative action programs being challenged at Harvard and the University of North Carolina.

The Conversation

As tech giants face a financial downturn, some new players are focusing on people over profit

The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported last week: “Big tech is bracing for a possible recession, spooking other industries”. Meta (the…

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