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The Latest Breaking News from metaverse

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK

Crypto is in trouble, but the technology behind it is getting more useful

As new buzzwords like ‘metaverse’ take over the internet, consumer trends expert Matt Hay on why its less sexy counterpart will probably outlast them all

Evening Standard

5 challenges facing Adidas' incoming CEO from Kanye West to the World Cup

Whether it is the fallout from an anti-Semitism scandal or a lack of enthusiasm for football’s most important tournament, Bjørn Gulden has a lot of balls he will have to juggle to bring Adidas back on track.

Fortune

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Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Fortune

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Fortune

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Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Bangkok Post

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

Benzinga

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

The Guardian - UK

What is the metaverse and what will it look like in the future?

The M word explained. Haifa Barbari on how the metaverse is crucial to brand loyalty and why the time to enjoy it all is now

Evening Standard

Web3 Educational Platform Metakademy Offers World's First Earn While You Learn Crypto, NFT Course

Metakey on Tuesday announced a partnership with Layer-1 blockchain Wire Network, to support the relaunch of the Web3 education platform, Metakademy.

Benzinga

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Benzinga

Move Over Metaverse, Curryverse Could Be Next From NBA Star Steph Curry: What It Means For Under Armour

NBA superstar Steph Curry has been one of the top players in the National Basketball Association since being drafted in 2009.

Benzinga

'Laugh' At Meta's Crash Now But Zuckerberg Will 'Own Your Eyeballs' In 5 Years, Says Snowden; Is Metaverse A Threat To Humanity?

Meta Platforms Inc.

The Guardian - UK

Meta shares dip is proof metaverse plan never really had legs

Virtual reality gamble is not paying off as Mark Zuckerberg appears to be going out on a limb with avatars

Benzinga

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

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Investors Business Daily

Will Facebook Spending Spree On Metaverse Boost Arista, Nvidia, Ciena?

Facebook-parent Meta Platforms' spending spree to build the "metaverse" could provide upside for makers of advanced technology products.

Investors Business Daily

Mark Zuckerberg's Pipe Dream Turns Into $618 Billion Nightmare

Mark Zuckerberg's plan to dominate the metaverse is turning into a nightmare for everyone. And it's costing real money.

Inverse

Tim Cook thinks meetings in the metaverse are doomed — but it isn't that simple

While Apple CEO Tim Cook commented that AR will win over VR for communication purposes, some experts think that both technologies can play important roles.

Al Jazeera

As Meta’s revenue decline accelerates, shares sink 14 percent

A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade.

Benzinga

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

Investors Business Daily

Will GameStop Pull Out Its NFT Games? Are NFTs A Buy Now?

Is it possible to create uniqueness in the digital world?

Tribune News Service

Parmy Olson: Zuckerberg should focus on the midterms, not the metaverse

You have to hand it to Mark Zuckerberg. In the face of criticism about the radical strategic shift he has chosen for Facebook, he is stubbornly focused on turning it into a metaverse company. Other tech billionaires may lash out at dissent, but Zuckerberg remains stoic, tuning out the noise…

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