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The Latest Breaking News from Meta

Here's Why JPMorgan Sees Meta As Broadcom's Next Billion-Dollar Customer

Facebook parent Meta Platforms Inc (NASDAQ:FB) looks to use Broadcom Inc's (NASDAQ:AVGO) custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, J.P. Morgan analysts said. The analysts saw application-specific integrated circuit chips drive approximately $2 billion to $2.5 billion in revenue for Broadcom in 2022, aided by its deals…

Benzinga

5 Digital Advertising Stocks to Avoid After Snap Reduces 2022 Revenue Guidance

Social media company Snap (SNAP) has reduced its growth forecast due to several macroeconomic headwinds and a global economic slowdown. These headwinds, coupled with increased regulations, will likely affect other companies in the digital ad space. Thus, we think the stocks of digital ad companies Meta Platforms (FB), Alphabet (GOOGL),…

StockNews.com

Deliberate ploy: whistleblowers reveal why Facebook’s Australia news ban included non-news sites

Employees within Meta say the move amid the standoff with the Morrison government was no accident

The Guardian - AU

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Metaverse Land Just Sold For $4,064 (4,369 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $4,064, which is 1.12x the current floor price of 2.097 Ethereum (CRYPTO: ETH) ($4,064 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

This Plot Of Digital Land Just Sold For $5,209 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,209, which is 1.79x the current floor price of 1.68 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Virtual Land Just Sold For 4 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $7,813, which is 2.68x the current floor price of 1.68 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Immersion Accuses Meta For Alleged Infringement Of Patents For AR, VR Pursuit

Immersion Corp (NASDAQ:IMMR) has prosecuted Meta Platforms Inc (NASDAQ:FB) for alleged infringement of Immersion patents that cover various uses of haptic effects in connection with such AR/VR systems. The complaint alleged that Meta's augmented and virtual reality systems, including the Meta Quest 2, infringed six Immersion patents. Also Read: Washington Attorney General Indicts Meta's Mark Zuckerberg…

Benzinga

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Here's Why This Analyst Slashed 2025 Revenue Estimates For Alphabet, Meta, Snap, Twitter

Research firm MoffettNathanson slashed its 2025 revenue estimates for each Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Twitter Inc (NYSE:TWTR) by double-digit percentages, Reuters reported. MoffettNathanson expects online advertising in the U.S. to grow by 12.5% annually through 2025, down from the previous estimate of 18.5% annual growth. "After years of uber-bullishness, we are truly concerned…

Benzinga

Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…

Benzinga

Shooter warning signs get lost in sea of social media posts

The 18-year-old man who slaughtered 19 children and two teachers in Texas left a digital trail that hinted at what was to come

The Independent UK

Instagram down as social media users report issues in accessing the app

Meta, the company that owns Instagram, has apologised to users impacted by the outages.

Daily Record

Metaverse Land Just Sold For $8,073 (7,900 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $8,073, which is 2.05x the current floor price of 2.08939116 Ethereum (CRYPTO: ETH) ($8,073 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

Metaverse Land Just Sold For $14,737 (14,420 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $14,737, which is 3.75x the current floor price of 2.08939116 Ethereum (CRYPTO: ETH) ($14,737 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

This Plot Of Digital Land Just Sold For $6,003 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $6,003, which is 1.96x the current floor price of 1.63 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 4 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $8,441, which is 2.76x the current floor price of 1.63 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Metaverse Land Just Sold For $8,441 (4 ETH) In The SandBox

Benzinga

Qualcomm Chief Sees Prospects In High-End Smartphones, Meta Partnership Thanks To Augmented and Virtual Reality

In an interview at the World Economic Forum, Qualcomm Inc (NASDAQ:QCOM) CEO Cristiano Amon talked about growth as consumers increasingly chased "better phones," Reuters reports. Qualcomm's share with devices like the Samsung Galaxy grew from 40% share to over 75%. Qualcomm's technology powers augmented and virtual reality devices, including those made by Facebook…

Benzinga

Meta And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

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Benzinga

Britain Competition Watchdog Launches Second Probe On Google

Britain's competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for allegedly distorting competition and illegally favoring its services, Reuters reports. The Competition and Markets Authority examined three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest…

Benzinga

Bitcoin Creator Satoshi Nakamoto Could Be A Woman: Facebook Parent's VP

Little is known about Bitcoin’s (CRYPTO: BTC) pseudonymous creator Satoshi Nakamoto, but the world has been quick to dismiss that it might be a woman, according to Meta Platforms (NASDAQ: FB) VP

The Independent UK

EXPLAINER: Social media and the Texas shooter's messages

Could Facebook have known about ominous direct-message threats made by a gunman who Texas authorities say massacred 19 children and two teachers at an elementary school

ABC News

What is the latest known about the Texas primary school mass shooting?

After an 18-year-old gunman killed 19 primary school students and two teachers, Democrat gubernatorial candidate Beto O'Rourke confronts Republican Governor Greg Abbott about gun law reforms and the shooter's social media activity before the killings is uncovered.

Al Jazeera

‘Complete evil’: New details of deadly Texas shooting released

Gunman barricaded himself in classroom at Uvalde primary school and shot ‘anyone in his way’, Texas official says.

Benzinga

Metaverse Land Just Sold For $10,164 (9,888 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $10,164, which is 2.43x the current floor price of 2.1385001 Ethereum (CRYPTO: ETH) ($10,164 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

Metaverse Land Just Sold For $35,980 (35,000 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $35,980, which is 8.61x the current floor price of 2.1385001 Ethereum (CRYPTO: ETH) ($35,980 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

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