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The Latest Breaking News from Meta

Virtual Land Just Sold For 4 WETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $12,013, which is 2.49x the current floor price of 1.69 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

This Investor Prefers Meta Stock Over Amazon And Microsoft: Here's Why

Meta Platforms Inc (NASDAQ: FB) shares are making new 52-week lows during Tuesday's trading session as investors brace for big tech earnings amid a rising-rates environment.

Benzinga

Stocks That Hit 52-Week Lows On Tuesday

During Tuesday, 581 stocks hit new 52-week lows. Interesting Highlights From Today's 52-Week Lows Meta Platforms (NASDAQ:FB) was the biggest company on a market cap basis to set a new 52-week low.

Benzinga

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China's Huawei's 2021 R&D Spend Beat America's Big Tech - Read by How Much

Chinese tech giant Huawei Technologies Co almost doubled its R&D budget over the past half-decade to $22.1 billion in 2021, Bloomberg reports. The R&D budget was equivalent to 22.4% of Huawei's sales in 2021, nearly double Amazon.com Inc's (NASDAQ:AMZN) and Google-owner Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) proportions and more than triple iPhone-maker Apple Inc's (NASDAQ:AAPL). Only Meta Platforms Inc (NASDAQ:FB) came close…

Benzinga

Earnings Outlook For Meta Platforms

Meta Platforms (NASDAQ:FB) is set to give its latest quarterly earnings report on Wednesday, 2022-04-27. Here's what investors need to know before the announcement. Analysts estimate that Meta Platforms will report an earnings per share (EPS) of $2.56.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, April 26

CNBC

Benzinga

Russia Punishes Meta For Alleged LGBT Propaganda

A Russian court penalized Meta Platforms Inc (NASDAQ:FB) 4 million roubles ($0.05 million) for allegedly failing to delete posts that contain "LGBT propaganda," Reuters reports. A 2013 Russian law bans the "promotion of non-traditional sexual relations to minors." Previously, Russia slapped a criminal case against the Facebook parent for allowing users to call for "death…

Benzinga

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Facebook Parent To Open Interactive Metaverse Store In California Amid Criticism Over Virtual Creator Tax

Meta Platforms Inc (NASDAQ: FB) will open a metaverse-themed interactive store in Burlingame, California.

Benzinga

Facebook Parent To Make Its Meta Store Debut

Meta Platforms Inc (NASDAQ: FB) looks to make its retail store debut in California.

Benzinga

Metaverse Land Just Sold For $7,333 (2 WETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $7,333, which is 1.51x the current floor price of 1.66 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 $8,787 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $8,787, which is 1.81x the current floor price of 1.66 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 $9,051 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $9,051, which is 1.86x the current floor price of 1.66 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Meta Fights to Overturn UK Order to Sell Giphy

Facebook owner Meta started its appeal on Monday against Britain's ruling that it must sell Giphy, arguing the fact that rival Snap offered far less to buy the animated-images provider undermined the rationale used to block the deal. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell…

Asharq Al-Awsat

Facebook-Owner Meta to Open First Physical Store in Metaverse Bet

Meta Platforms Inc is set to open its first physical store where shoppers can try out and buy virtual reality headsets and other gadgets as the company plots a course to take its highly touted metaverse mainstream. The 1,550-square feet Meta Store at the company's Burlingame campus in California opens…

Asharq Al-Awsat

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Benzinga

$100 Invested In Meta 10 Years Ago Would Be Worth This Much

Meta Platforms (NASDAQ:FB) has outperformed the market over the past 10 years by 5.4% on an annualized basis producing an average annual return of 17.01%. Currently, Meta Platforms has a market capitalization of $498.79 billion.

The Guardian - US

Meta investors brace for a difficult quarter after stocks nosedive

After losing a record $230bn in market value due to a disappointing earnings report in February, analysts are hoping to see progress

The Guardian - US

Twitter uses Earth Day to announce ban on climate denialism ads

The platform has been a source of a growing wave of climate misinformation and said denialism ‘shouldn’t be monetized’

Bangkok Post

EU agrees on internet rulebook for Google, Facebook, other tech giants

BRUSSELS: European Union countries and EU lawmakers on Saturday clinched a deal on new rules requiring tech giants to do more to police illegal content on their platforms and to pay a fee to regulators monitoring their compliance.

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Benzinga

What's Going On With Meta Platforms Shares?

Meta Platforms Inc (NASDAQ: FB) shares are trading lower by 1.84% at $184.63 Friday and lower by 14.98% over the trailing month. The move lower for Meta Platforms is likely in sympathy with the broader market as U.S.

Benzinga

Virtual Land Just Sold For 4 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $12,528, which is 2.57x 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.

Zenger

Digital Cash Cow: Metaverse Numbers Are Skyrocketing

Private companies value the metaverse and its properties at more than $1 trillion.

Benzinga

Barack Obama Says People 'Dying,' Democracy 'Under Threat' Due To Disinformation On Social Media

Former President Barack Obama said “people are dying” due to disinformation on social media services in a speech at Stanford University, the Washington Post reported on Thursday,

The Guardian - US

Meta's Sheryl Sandberg allegedly leant on news site to drop stories about ex-boyfriend

The Daily Mail dropped two stories detailing Activision’s Bobby Kotich’s abuse of an ex after threats by Meta executive, WSJ reports

The Conversation

How to preserve our privacy in an AI-enabled world of smart fridges and fitbits? Here are my simple fixes

The Second Law of Thermodynamics states that the total entropy of a system – the amount of disorder – only ever increases. In other words, the amount of order only ever decreases.

Benzinga

Top Meta Official Faces Internal Scrutiny For Doling Out Favours To Activision CEO Bobby Kotick

Meta Platforms Inc (NASDAQ: FB) COO Sheryl Sandberg faced internal scrutiny for allegedly pressing a U.K.

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