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The Latest Breaking News from Meta

Meta Retracts From AR Glasses Project Shortly After Dumping Smartwatch Project

Meta Platforms, Inc (NASDAQ:META) is scaling back its plans to release a series of augmented reality glasses over the next several years, the Information reports. The move marks its second product suspension for the week as it battled the current revenue slowdown. Meta aimed to trim heavy investments in its Reality Labs hardware…

Benzinga

White supremacists are riling up thousands on social media

White nationalists and supremacists are building thriving, macho communities across social media platforms like Instagram, Telegram and TikTok

The Independent UK

Teenager sues Meta after 'addictive' Instagram left her with an eating disorder

Alexis Spence got her first Instagram account when she was just 11 years old and now her mental health is in tatters, and a specialist law firm say her life will never be the same

Daily Mirror

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'Transparency reports' from tech giants are vague on how they're combating misinformation. It's time for legislation

On May 30, Meta, Google and Twitter released their 2021 annual transparency reports, documenting their efforts to curb misinformation in Australia.

The Conversation

Virtual Land Just Sold For 2 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,057, which is 1.36x the current floor price of 1.655 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 $4,328 In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,328, which is 1.45x the current floor price of 1.655 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Facebook fails again to detect hate speech in ads

Facebook has failed another test of its ability to detect blatant, violent hate speech in advertisements submitted to the platform by the nonprofit group Global Witness

The Independent UK

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Microsoft’s mixed reality gets a black eye

The talent exodus and the organisational rejig has dealt a blow to Microsoft’s vision of a mixed reality, making it reroute resources and people at a time when the market for AR/VR is heating up.

The Hindu

Russia's Navalny scolds Google and Meta for helping Putin

Jailed Russian opposition leader Alexei Navalny scolded Google and Meta Platforms Inc on Thursday for shutting down advertising, a step he said had undermined the opposition and thus was a gift to President Vladimir Putin.

Reuters

Facebook Parent Meta Pauses Dual Camera Smartwatch Project

Facebook owner Meta Platforms Inc's (NASDAQ:FB) Reality Labs division has suspended its work on the smartwatch codenamed 'Milan' after two years to focus on other wrist-worn devices, Bloomberg reports. The smartwatch, which was a part of its metaverse ambitions, was likely to include activity tracking, music playback, and messaging. A prototype of the device…

Benzinga

Zuckerberg Staying at Meta Helm for Years 'Makes Sense'

Mark Zuckerberg's presence at the helm of Facebook parent Meta for "many, many years" would be perfectly natural, his global affairs director has told AFP, even as the founders of many tech companies hand off to fresh blood. Succession at the mega company has been in the headlines in recent…

Asharq Al-Awsat

Musk’s Twitter bid leans on financier linked to Russian tycoon

Elon Musk’s bid for Twitter Inc., which has been upended by the billionaire’s threat to walk away, attracted a bevy of big-name backers and Silicon Valley mainstays. There were some notable exceptions.

Tribune News Service

Congress’s big tech crackdown quickens with rare show of unity

A bipartisan group of lawmakers defended a bill to rein in big technology companies, signaling that momentum is building for the first major piece of legislation to curb the power of giant online platforms.

Tribune News Service

Metaverse Land Just Sold For $49,670 (50,000 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $49,670, which is 12.09x the current floor price of 2.286 Ethereum (CRYPTO: ETH) ($49,670 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

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Benzinga

Virtual Land Just Sold For 2 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,603, which is 1.21x 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

Virtual Land Just Sold For 3 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,774, which is 1.61x 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

What To Watch On Meta Platforms After Company Launches Roblox-Like Platform

Meta Platforms Inc (NASDAQ: FB) was trading more than 2% higher on Wednesday, breaking up from a triple inside bar on the daily chart.

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:FB). 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.

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Asharq Al-Awsat

Microsoft Cuts Russia Operations Due to Ukraine Invasion, Says Bloomberg News

Microsoft Corp is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday. Earlier in March, Microsoft said it was suspending new sales of its products and services in Russia. The company did not immediately respond to a Reuters request for comment.…

Benzinga

Why Apple CEO Tim Cook 'Deeply Fears' Withering Away Of Privacy

Apple Inc (NASDAQ: AAPL) CEO Tim Cook touched on privacy and its gradual erosion in a recent interview.

The Independent UK

Family sues Meta, blaming ‘addictive’ Instagram for daughter’s eating disorder

Lawyers for Alexis Spence claim her ‘addictive’ use of Instagram caused her to suffer self-harm and thoughts of suicide

Benzinga

Metaverse Land Just Sold For $8,205 (8,420 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $8,205, which is 2.01x the current floor price of 2.29 Ethereum (CRYPTO: ETH) ($8,205 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 $5,310 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,310, which is 1.99x the current floor price of 1.5 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Meta Promotes Veteran Officer To Newly Formed Position Of CISO

Facebook parent Meta Platforms, Inc (NASDAQ:FB) named a VP to the newly created position of the chief information security officer, Reuters reports. Guy Rosen confirmed the appointment via a tweet. CEO Mark Zuckerberg reportedly asked Rosen to assume the job citing it as "another step to elevate this security work in our DNA - and…

Input

Apple’s AR headset was hiding in plain sight at WWDC 2022

At WWDC 2022, there were signs of Apple's mixed reality headset future everywhere in iOS 16, iPadOS 16, and macOS Ventura.

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