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The Latest Breaking News from Meta

The 2023 Quest Gaming Showcase will have 'double' the new VR games

With a pre-show, show, and post-game show, the Meta Quest Gaming Showcase is getting bigger than ever.

Android Central

Meta announces June VR showcase, but don’t expect the Oculus Quest 3

The next Meta Quest Gaming Showcase is happening in June, but don't expect the Oculus Quest 3 to make an appearance.

TechRadar

VR is more popular than you think, but no thanks to Meta's virtual wasteland

Young people are using VR more than the generations who came before them, but I'm worried about Meta's influence.

TechRadar

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Meta Quest Gaming Showcase date announced — new Quest 2 games are coming

Meta Quest announces date of its upcoming Gaming Showcase

Laptop

Jada Pinkett Smith and Jaden spotted in first outing since Red Table Talk axing

Jada Pinkett Smith was joined by son Jaden Smith in Seoul as she was spotted for the first time in public since her Red Table Talk show came to an abrupt end

Daily Mirror

Nick Cannon slams Jada Pinkett Smith's 'toxic' Red Table Talk amid cancellation

Mariah Carey's ex-husband Nick Cannon didn't hold back when he slammed Jada Pinkett Smith's 'toxic' Red Table Talk show and blamed it for the infamous Oscar's slap

Daily Mirror

Instagram is testing songs in photo carousels

As per The Verge, the company is testing a new feature that will let you add songs to the photo carousels you post to the platform. Read further on Dynamite News:

Dynamite News

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Asian shares revive after big US tech rally

RECAP: Shares in Asia rallied yesterday after robust earnings from tech giants Meta, Microsoft and Alphabet buoyed Wall Street, where the S&P 500 had its best day since the first week of the year.

Bangkok Post

Social media's battle for creators comes to earnings calls

But some platforms, like Alphabet's YouTube, gave creators more love than others this quarter.

Fortune

Doctors issue urgent warning over diabetes drug Ozempic being sold on Facebook Marketplace

The alert comes after an increased number of social media posts, in which users are marketing the drug as a rapid weight loss solution

Chronicle Live

This Week in the Metaverse: Zuckerberg tries to reconcile A.I. with the billions he’s already sunk into the metaverse

Meta’s metaverse division, Reality Labs, lost nearly $4 billion in the first quarter—a billion dollars more than it lost in the same period last year.

Fortune

Meta Platforms’ VR Workers Making An Unusual Salary Reported By The Washington Post

The Facebook parent company has been hiring the best quality of talent to stay ahead of its competition in the metaverse.

Zenger

Meta Ends Facebook Watch Originals, Tables ‘Red Table Talk’

Five years after its measured and considerable premium streaming play kicked off, the social media giant retreats to the primordial ooze of user-generated content from which it came

Broadcasting & Cable

Meta Platforms Scrapping Facebook Watch As Jada Pinkett-Smith’s Show Sees Its Final Days

Jada Pinkett-Smith's ‘Red Table Talk’ Will Be Looking For A New Platform As Meta will be focused on the metaverse.

Zenger

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ABC News

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

Android Central

Amazon earnings highlight a fairly positive quarter for Big Tech despite big cuts

Amazon reported more than $127 billion in revenue in its Q1 2023 financial earnings report.

Barchart

Stocks Close Sharply Higher as Meta’s Earnings Impress

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.76%. Stock indexes Thursday rallied sharply, with the Nasdaq 100...

Kiplinger

Stock Market Today: Meta Earnings Spark Major Rally on Wall Street

The Facebook parent's quarterly results overshadowed a worse-than-expected reading on Q1 gross domestic product.

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Evening Standard

Jada Pinkett Smith’s Red Table Talk show cancelled as Meta decides to shut down FaceBook Watch originals

Other shows which will be affected by the demise of Facebook Watch originals include Steve Harvey’s Steve on Watch and various docuseries hosted by JoJo Siwa, Yara Shahidi and Becky G

TechRadar

Meta confirms Oculus Quest 3 will be affordable, but its VR business is on thin ice

The Oculus Quest 3 will be available at an "accessible" price according to Mark Zuckerberg, but how much longer can its VR losses continue?

Barchart

Stocks Rally as Meta’s Earnings Boosts Sentiment

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.48%. U.S. stock indexes this morning are moderately higher. Strength...

The Independent UK

Jada Pinkett Smith’s Red Table Talk cancelled at Facebook

Move comes amid a wider cost-cutting initiative by Meta

PC Gamer

Meta promises next-gen Quest VR headset coming at price 'accessible for lots of people'

But Reality Labs is costing Meta over one billion dollars a month and expected to increase more as the year progresses.

Barchart

Markets Today: Stock Index Futures Climb on Meta’s Earnings

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.47%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.87%. U.S. stock index futures this morning are moderately higher. Strength in technology stocks is lifting the overall market this morning, with Meta Platforms up more...

Tom’s Guide

Meta plans to bring AI to billions in Facebook, Instagram and WhatsApp — here’s how

Meta has its own plans to introduce AI technology similar to ChatGPT into its products.

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