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The Latest Breaking News from Meta

Zuckerberg ditches election moderation in hot pursuit of metaverse revenue

Meta's elections team has been downsized by 80 percent since the 2020 election.

Input

Benzinga Before The Bell: Tesla's Cybertruck Update, Twitter's New Feature, Netflix's Ad-Tier And Other Top Financial Stories Thursday, June 23

CNBC Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities

Benzinga

Meta Abruptly Ends Sponsorship Of US Event Struck With Controversy

Meta Platforms, Inc (NASDAQ:META) terminated its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., the Wall Street Journal reports. Meta did not disclose the reasons for the pullout. Internal battle and a discrimination lawsuit filed by ex-female executives plagued the project, WSJ wrote.…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Instagram to crack down on young users who lie about their age

Instagram is the latest platform to launch new tools aimed at enforcing its age policies.

Axios

What is upskirting? Figures show more than 1,000 crimes committed since 2019

Some victims of upskirting are as young as 3 and 40% are children

Evening Standard

Key Takeaways From Facebook Parent Meta's Landmark Antitrust Settlement With US DoJ

The Department of Justice reached a truce with Facebook parent Meta Platforms Inc (NASDAQ: META) for discriminatory advertising, violating the Fair Housing Act (FHA).

Benzinga

Metaverse Land Just Sold For $3,842 (4 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,842, which is 1.90x the current floor price of 1.84 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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Virtual Land Just Sold For 4 ETH In The SandBox

Benzinga

Meta Platforms CEO Mark Zuckerberg Joins Jim Cramer In The Metaverse On 'Mad Money' Tonight

Meta Platforms Inc (NASDAQ: META) will be featured Wednesday night on "Mad Money." What To Know: Jim Cramer is set to interview Meta CEO Mark Zuckerberg on the show, but the conversation will take place virtually in the metaverse.

Benzinga

Meta Partners With Trio Of Top Fashion Brands

Facebook parent teams with Balenciaga, Thom Browne and Prada to create digital outfits for avatars.

Zenger

Is Facebook Losing Out To TikTok? Brazilian Investment Bank Liquidates 4-Year Long Position In Meta

Meta Platforms, Inc. (NASDAQ: META) stock is slowly losing its appeal among institutional investors amid its recent fundamental setbacks.

Benzinga

Benzinga Before The Bell: Executive Shakeup At Amazon, Boeing Supply Chain Warning, Apple's Tim Cook Says 'Stay Tuned' On AR/MR And Other Top Financial Stories Wednesday, June 22

CNBC Moderna To establish New Vaccine Facility In Britain

Benzinga

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Alibaba Group Holding Limited (NYSE:BABA), and other tech giants striving to build the emerging metaverse concept have formed a group to foster the development of industry standards. The initiatives look to make the companies' nascent digital worlds compatible. The Metaverse Standards Forum includes leading companies working in the space, from…

Benzinga

'Large numbers' of upskirting images on Facebook removed by Meta

Follows investigation by BBC News

Wales Online

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France 24

Tech giants form metaverse standards body, but without Apple

Tech giants such as Meta, Sony and Adobe, together with oversight groups like the World Wide Web Consortium, have created a forum to set standards for the nascent metaverse industry. The move aims to make digital worlds compatible with each other. However, Apple and Snapchat have not joined the outfit.…

Benzinga

Meta Facing AR/VR Slowdown: Analayst Updates Expectations On Quest 2 Pro Headset Launch

Meta Platforms, Inc. (NASDAQ: META), which changed its name and ticker to reflect its pivot toward the metaverse, is not seeing much traction on that front, according to tech analyst Ming-Chi Kuo.

Asharq Al-Awsat

Facebook Agrees to Safeguards in Ad Discrimination Case

Facebook owner Meta has agreed to change its ad targeting technology and pay $115,000 to settle US government allegations the social media giant allowed discrimination in who saw housing advertisements, authorities said Tuesday.

Benzinga

What's Going On With Meta Platforms Stock?

Meta Platforms Inc (NASDAQ: META) shares are trading lower Tuesday after CEO Mark Zuckerberg announced changes to how creators generate income on the company's social media platforms.

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Benzinga

Here's Why Needham Predicts Taboola Shares To Double

Needham analyst Laura Martin reiterated Buy on Taboola.com Ltd (NASDAQ:TBLA) with a price target of $5 (95.3% upside). Martin cited the eMarketer report that advertising revenue on the Open Internet (excluding Walled Gardens like Amazon.com Inc (NASDAQ: AMZN), Meta Platforms Inc's (NASDAQ:META) Facebook, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, YouTube, Snap Inc (NYSE:SNAP), and Roku, Inc (NASDAQ:ROKU)) is about $40 billion in the U.S. and about…

The Independent UK

Facebook and US make deal to stop discriminatory housing ads

The Justice Department says Facebook will change its algorithms to prevent discriminatory housing advertising as its parent company subjects itself to court oversight in a response to a U.S. lawsuit

Benzinga

Metaverse Land Just Sold For $3,293 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,293, which is 1.60x the current floor price of 1.88 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 $7,684 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $7,684, which is 3.72x the current floor price of 1.88 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Input

Meta’s online store stocks Balenciaga, Prada, and Thom Browne

Digital clothing from the luxury labels will be available next week.

Input

How Meta is trying to make VR indistinguishable from reality

The prototype VR headsets Mark Zuckerberg demoed could be game-changers, but they’re still many years from release, and ignore the metaverse’s current issues.

Asharq Al-Awsat

The Battle to Build a Child-friendly Metaverse

As a young woman straps on her vest and headset and becomes immersed in a virtual world, Mainak Chaudhuri talks excitedly about the potential of the technology. "This is the first step towards the metaverse," Chaudhuri of French start-up Actronika told AFP at this week's VivaTech trade show in Paris.…

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