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The Latest Breaking News from Meta

Raymond James Lists Its Top Stock Picks In Online Ad

Raymond James hosted an online advertising conference call with an industry expert. The expert has visibility into ~$2 billion of spend with a mix similar to the ad industry and diversified across Fortune 1,000 advertisers.

Benzinga

Needham Considers It Futile For Meta To Compete With TikTok, YouTube, Amazon, Google

Needham's Laura Martin said Meta Platforms Inc's (NASDAQ: META) falling brand value is a lead indicator for rising customer acquisition costs, churn levels, and declining pricing power.

Benzinga

This Is What Whales Are Betting On Meta Platforms

Someone with a lot of money to spend has taken a bearish 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

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Polyamorists lobby Facebook to change ‘exclusionary’ relationship status

‘This restriction perpetuates the erasure and marginalisation of non-monogamous relationships’

The Independent UK

TikTok President Reasons Why Copying The Former Will Not Be Conducive For Facebook

TikTok's President of Global Business Solutions and former Meta Platforms, Inc (NASDAQ:META) Facebook veteran Blake Chandlee in a CNBC interview, shared how TikTok massively differed from Facebook. ByteDance Ltd-owned TikTok did not look to mimic Facebook. In contrast, Facebook struggled to win users by restructuring its Facebook and Instagram apps to emulate TikTok's popular short video format.…

Benzinga

Social Media: Instagram eyeing TikTok's full-screen experience with new test

Instagram is testing the feed's new full-screen mode and an updated navigation bar, hoping to make content on the platform more discoverable and immersive. Read further on Dynamite News:

Dynamite News

4 Internet Stocks to Buy on Weakness

The internet has become integral to modern lifestyle, with social media at the forefront. With the development of web 3.0 in sight, the industry might experience a metamorphosis. So, we think investors should buy prominent internet stocks, Meta Platforms (META), Twitter (TWTR), Snap Inc. (SNAP), and Expedia (EXPE) on weakness.

StockNews.com

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This Plot Of Digital Land Just Sold For $2,222 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,222, which is 1.18x the current floor price of 1.6999 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 $3,311 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,311, which is 1.75x the current floor price of 1.6999 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 $3,333 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,333, which is 1.76x the current floor price of 1.6999 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Why Meta Platforms Stock Is Falling

Meta Platforms Inc (NASDAQ: META) shares are trading lower Thursday amid overall market weakness as stocks move lower following Wednesday's Fed rate hike announcement. The rate increase has pressured stocks across sectors and driven a selloff in tech-related names.

Benzinga

KeyBanc Sees Trade Desk Gaining Out Of EU Crackdown On Alphabet, Meta

Given continued scrutiny on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META), KeyBanc sees a higher probability of regulators requiring walled gardens to open up inventory to demand side platforms (DSPs). Analyst Justin Patterson sees a ~50% probability of Alphabet making concessions on AdTech to the EU, which could prompt similar actions by Meta. Also…

Benzinga

What 24 Analyst Ratings Have To Say About Meta Platforms

Within the last quarter, Meta Platforms (NASDAQ:META) has observed the following analyst ratings:

Benzinga

Twitter's Employees Can't Go To 'The Happiest Place On Earth' In 2023, Cost Cutting Measures Hit Company Travel

Twitter Inc (NYSE:TWTR) is ditching a companywide retreat scheduled for January 2023 at Walt Disney Company (NYSE:DIS) Disneyland - 'The Happiest Place On Earth,' Bloomberg reports. Twitter cited cost-cutting measures to reduce corporate travel behind the move. The company's occasional gathering, known as 'OneTeam,' was last held in early 2020 in Houston before the…

Benzinga

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The Independent UK

EU beefs up disinformation code amid Russia fake news fears

The European Union is beefing up its code of practice on disinformation by enlisting more tech companies and adding measures to prevent online purveyors of fake news from profiting

Benzinga

Benzinga Before The Bell: Tesla Raises Prices, Revlon Goes Bankrupt And Other Top Financial Stories Thursday, June 16

Wall Street Journal Moderna Plans COVID-19 Vaccine Trial For Infants

Benzinga

French Regulator Reaches Truce With Facebook Owner Meta Over Online Ads

France's antitrust watchdog body approved Facebook owner Meta Platforms Inc's (NASDAQ:META) obligations regarding the French online advertising sector. Meta had committed to giving access over five years to advertising inventories and campaign data to adtech companies on 'transparent, objective and predictable' conditions. The watchdog's investigation services raised competition concerns about multiple practices by Meta…

Chicago Tribune

Meta opens Chicago office after more than two years of pandemic delays. Is it already obsolete?

When Meta, the social media giant formerly known as Facebook, hosted the grand opening for its headquarters in Chicago's Fulton Market district last week, it was a celebration delayed more than two years by the pandemic.

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Radio France Internationale

France's international Vivatech fair shows off world pioneers of Web3 frontier

The annual Vivatech trade fair is underway in Paris until Saturday. Four days of conferences and exchanges around Web3, the new generation of internet technology, touch on innovations such as cryptocurrency, blockchain, NFT and of course the latest hype known as the "metaverse".

Benzinga

Dogecoin Co-Founder Takes Swipe At Crypto VCs: Web3 Has Nothing To Offer To Content Creators

Dogecoin (CRYPTO: DOGE) co-creator Jackson Palmer has taken yet another swipe at venture capitalists — in particular, Marc Andreessen, the co-founder of Andreessen Horowitz (a16z), for his comments about the advantages

Bangkok Post

YouTube Shorts touts 1.5bn users, taking on TikTok

SAN FRANCISCO - YouTube on Wednesday said that more than 1.5 billion people monthly tune into its Shorts video service, which competes with global sensation TikTok.

Benzinga

Metaverse Land Just Sold For $2,350 In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,350, which is 1.27x the current floor price of 1.65 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 $2,575 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,575, which is 1.39x the current floor price of 1.65 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 $2,888 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,888, which is 1.56x the current floor price of 1.65 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

The Conversation

How we describe the metaverse makes a difference – today's words could shape tomorrow's reality and who benefits from it

Quick, define the word “metaverse.”

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