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The Latest Breaking News from Meta

Meta Platforms Teams With Coinbase And Dapper Labs For NFTs On Instagram: Here Are The Details

Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, is updating plans for its launch of non-fungible tokens (NFTs).

Benzinga

Influencers in revolt — is the Instagram bubble finally about to burst?

Instagram’s bid to compete with its younger rival TikTok has led to a major backlash and a crisis of confidence at the Silicon Valley behemoth. Could a new focus on London revive the fortunes of the ailing platform? Giulia Crouch talks to Meta insiders

Evening Standard

'We Met In Virtual Reality': HBO documentary offers a flawed vision of the metaverse

HBO's groundbreaking documentary on life in virtual reality is a great introduction to newcomers but ignores the active issues facing VR platforms.

Inverse

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Meta Platforms Is Exploring Its First Potential Bond Sale: What Investors Need To Know

Meta Platforms Inc (NASDAQ: META) has asked several banks to set up investor meetings for what would be the company's first-ever bond sale. Shares of Facebook's parent company appear to be responding well to the news.

Benzinga

Meta Platforms Whale Trades Spotted

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

Nick Clegg returns to London with other Facebook owner executives

Former Lib Dem leader to divide time between UK capital and California as Meta’s head of global affairs

The Guardian - UK

States' fight over abortion information catches tech in crossfire

Both sides aim to shape what kind of online information about abortion users can access.

Axios

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Citing a mental health crisis among young people, California lawmakers target social media

Karla Garcia said her son’s social media addiction started in fourth grade, when he got his own computer for virtual learning and logged on to YouTube. Now, two years later, the video-sharing site has replaced both schoolwork and the activities he used to love — like composing music or serenading…

Tribune News Service

Let's open Facebook's black box

There's a perfectly good reason to break open the secrets of social-media giants. Over the past decade, governments have watched helplessly as their democratic processes were disrupted by misinformation and hate speech on sites like Meta Platforms Inc's Facebook, Alphabet Inc's YouTube and Twitter Inc. Now some governments are gearing…

Bangkok Post

Meta illegally shared health info for targeted ads, lawsuit alleges

Two class-action lawsuits have been leveled against Meta Pixel, the company's analytics tracking tool.

Input

Instagram boss moves to London after backlash over app changes

Adam Mosseri relocates temporarily as Meta continues attempts to counter TikTok’s rise

The Guardian - UK

Xiaomi goes full Google Glass with overly conspicuous AR glasses

The chunky arms and protruding camera of the Mijia AR glasses give it cybernetic attachment vibes.

Input

U.S. Kills Al Qaeda Leader Ayman Al-Zawahiri. Will It Matter?

Plus: Judge rejects "terrorism" label for January 6 defendant, dozens of abortion clinics have closed since June, FTC staff recommended against Meta lawsuit, and more...

Reason

Instagram to Request Information on Ethnic Background

Instagram will start asking some US users for their race and ethnicity to better understand how people from different communities are affected by the app, the Meta-owned company said, according to the German news agency. Instagram head Adam Mosseri said all responses will be encrypted and can't be connected to…

Asharq Al-Awsat

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ABC News

Earth recorded its shortest day on record recently. And that could affect our clocks

Earth's rotation has started speeding up, so timekeepers may need to delete a second to keep our clocks synchronised. So, how will that affect us?

Tribune News Service

Google, Apple back affirmative action in Harvard case

Alphabet Inc.’s Google, Meta Platforms Inc. and Apple Inc. are among nearly 70 companies filing a brief with the U.S. Supreme Court in support of affirmative action programs being challenged at Harvard and the University of North Carolina.

The Conversation

As tech giants face a financial downturn, some new players are focusing on people over profit

The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported last week: “Big tech is bracing for a possible recession, spooking other industries”. Meta (the…

The Guardian - UK

‘Stop trying to be TikTok’: how video-centric Instagram sparked a revolt

Loyal users and Kardashians forced social network to partially retreat by demanding renewed emphasis on photo-sharing

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The Guardian - UK

Like Bill Gates before him, Mark Zuckerberg is having a ‘Pearl Harbour’ moment

His company’s motto is ‘move fast and break things’ – but if it doesn’t move fast it’ll soon be broke

The Hindu

Event a platform for collaboration among content creators

inkl Originals

The Weekly Wrap for Saturday, 30 July 2022

The crown prince of the world's biggest petrostate wants you to get excited about an experimental, zero-carbon city on the Red Sea.

Tribune News Service

FTC’s Khan overruled staff to sue Meta over VR app deal

Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision.

Reason

Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay

"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.

Benzinga

This Is What Whales Are Betting On Meta Platforms

A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:META) we detected 45 strange trades.

Tribune News Service

Tyler Cowen: Welcome to the era of antisocial media

Have we reached peak social media?

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