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The Latest Breaking News from Meta

TikTok Is Eating Up Rivals. Can It Keep Users Hooked?

If the sun is setting on Facebook, then TikTok is dancing in the moonlight. How long can its short-form video hold consumers' fickle attention?

Bangkok Post

Tech Titans Curb Hiring in a 'Challenging Macro Environment'

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles, said…

Asharq Al-Awsat

‘Unstoppable until they aren’t’: are tech market losses signs of a bust?

Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’

The Guardian - US

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Virtual Land Just Sold For 2,200 SAND In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,970, which is 1.09x the current floor price of 1.35 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 $5,176 (2 WETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,176, which is 1.85x the current floor price of 1.35 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 $6,692 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $6,692, which is 2.40x the current floor price of 1.35 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Former Facebook Crypto Chief Launches Bitcoin Payments Company

David Marcus, the former head of Meta Platforms Inc-owned (NASDAQ: FB) Facebook's crypto project Diem, has launched a Bitcoin (CRYPTO: BTC) payments startup.

Benzinga

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What's Going On With Meta Platforms Stock?

Meta Platforms Inc (NASDAQ: FB) shares are trading lower Thursday and have fallen by more than 10% over the last week.

Benzinga

Metaverse Land Just Sold For $4,867 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,867, which is 2.00x the current floor price of 1.25 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 $5,452, which is 2.24x the current floor price of 1.25 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Mark Zuckerberg plays Pokémon-like AR game using Cambria headset

Mark Zuckerberg showed off one of the big improvements of Meta's next headset: full-color video passthrough.

Input

Mum's warning over Facebook Donegal holiday scam after booking getaway for family

"He came across as a very nice person who just wanted everything to go as smooth as possible."

Belfast Live

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Meta Looks To Cutback In Reality Labs In Its Quest For Metaverse

Facebook parent Meta Platforms, Inc (NASDAQ:FB) is preparing cutbacks in its Reality Labs division to refocus on hardware products and the "metaverse," Reuters reports. Meta was not planning layoffs as part of the changes. The division could not afford to do some projects anymore and postponed others. According to Reuters, Reality Labs lost…

Benzinga

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The Conversation

Elon Musk could roll back social media moderation – just as we're learning how it can stop misinformation

The US$44 billion (£36 billion) purchase of Twitter by “free speech absolutist” Elon Musk has many people worried. The concern is the site will start moderating content less and spreading misinformation more, especially after his announcement that he would reverse the former US president Donald Trump’s ban.

The Hindu

Morning Digest | Nobody should cross ‘Lakshman Rekha’, says Law Minister after SC freezes sedition law; PM Modi to address second global COVID Summit today, and more

A select list of stories to read before you start your day

Benzinga

Metaverse Land Just Sold For $19,629 (23,000 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $19,629, which is 5.99x the current floor price of 1.51790221 Ethereum (CRYPTO: ETH) ($19,629 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

Virtual Land Just Sold For 2 WETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $5,026, which is 1.84x the current floor price of 1.268 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Get all your
news in one place.

100’s of premium titles.
One news app.

Benzinga

Metaverse Land Just Sold For $4,368 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,368, which is 1.58x the current floor price of 1.268 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 $4,696 (2 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $4,696, which is 1.70x the current floor price of 1.268 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Norwegian Central Bank Substantially Reduces Stakes In Alibaba And This Chipmaker: Here's What Norges Bought Instead

Amid the ongoing tech rout, Norges Bank made some cosmetic moves on its tech investments, barring a few liquidations and stake builds.

Benzinga

Here's Why Meta And AMD Collaborated

Facebook parent Meta Platforms Inc (NASDAQ:FB) and chipmaker Advanced Micro Devices, Inc (NASDAQ:AMD) collaborated on a mobile internet infrastructure program. The partnership would decrease base station costs to make broadband more accessible worldwide. AMD's radio chip, Xilinx Zynq UltraScale RFSoC, will be used in the Evenstar radio units. Also Read: Intel Fires Up Rivalry With Nvidia, TSMC…

Evening Standard

Whatsapp emoji reactions: how to react to messages

Whatsapp is now letting users react to messages with emojis, like users can do already on other Meta-owned social media platforms, Facebook and Instagram.

Reuters

Russian-backed separatist regions of east Ukraine block Facebook, Instagram

The Russian-backed Donetsk People's Republic (DNR) and Luhansk People's Republic (LNR) in eastern Ukraine said on Wednesday they had blocked access to Facebook and Instagram, aligning themselves with Russia's policy on the U.S.-based social networks.

Asharq Al-Awsat

Russian-Backed Separatist Region of East Ukraine Blocks Facebook, Instagram

The Russian-backed self-proclaimed Donetsk People's Republic (DPR) in eastern Ukraine said on Wednesday it had blocked access to Facebook and Instagram, aligning itself with Russia's policy on the US-based social networks. Moscow recognized the DPR and a second region of eastern Ukraine - the Luhansk People's Republic - as independent…

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