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The Latest Breaking News from Meta

Meta reports surprisingly strong quarter one earnings after restructuring hiccups

The company posted $28.10bn in revenue and appears to be shifting focus away from the metaverse to artificial intelligence

The Guardian - US

Children have been interacting in the metaverse for years – what parents need to know about keeping them safe

The metaverse sounds like it could be a scary place. Recent headlines have highlighted the dangers to children of the metaverse – a generic term for the range of online virtual worlds, developed by different tech companies, in which users can interact. Children’s charities have raised concerns about its potential…

The Conversation

Stocks Climb Before the Open as Strong Big Tech Earnings Overshadow Recession Worries

June S&P 500 futures (ESM23) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.27% this morning as solid earnings from a couple of U.S. tech giants boosted market sentiment.

Barchart

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Meta's Nick Clegg: No 'level playing field' between Facebook, TikTok

"Companies like Meta are not able to operate our social media services in China,” said the Meta executive in an interview aired Tuesday.

Fortune

‘Metaverse Dream’: new book asks where virtual worlds will take us next

A new book by Assouline, ‘Metaverse Dream’, suggests we'll spend a decade of our lives in the metaverse. But will it take us on holiday?

Wallpaper

Big Tech crackdown looms as EU, UK advance new rules

TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies.

France 24

Mark Zuckerberg has spent billions on A.I. but one of his top execs said Meta is still a laggard and 'we need to invest heavily'

A top Meta executive wrote in a memo that there was a need for a "fundamental shift" in the company's infrastructure.

Fortune

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Texas kids would need parental consent to create social media accounts under House bill

The House gave initial approval to the bill Tuesday. The legislation is a priority for Speaker Dade Phelan.

The Texas Tribune

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

The Guardian - US

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

Fortune

What is the RESTRICT Act and how will it affect the tech industry?

The so-called TikTok ban bill could restrict way more IT services than that—even VPNs. Here's what's at stake for US users.

TechRadar

Brexit means double trouble for Big Tech

Tech companies must now deal with two powerful regulatory cops in Europe—the EU and the U.K.

Fortune

WhatsApp is getting a long-awaited update so you can use it on multiple phones

The latest WhatsApp update is great news if you use more than one handset.

TechRadar

'Toodaloo!' How a TikToker made a career out of helping viewers set work boundaries

Dreading a return to office memo? Don't worry, TikToker Laura Whaley knows exactly how to handle that chat.

Fortune

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Barchart

Meta Platforms Needs Fresh Impetus to Extend Rally

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...

TechRadar

Thousands of fake Facebook profiles could be trying to steal your data

A major identity theft campaign is currently active and targeting Facebook users, researchers report.

Bangkok Post

EU rolls out stricter rules for online platforms

BRUSSELS: The European Union on Tuesday designated 19 online platforms, including Instagram, TikTok and Twitter, as having user numbers so big they will come under stricter regulatory rules for content.

Evening Standard

WhatsApp just got better for people juggling multiple devices

You can now use the same WhatsApp account on up to four different devices

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TechRadar

Meta's got a Twitter alternative in the works and it can't come soon enough

In the midst of the constant Twitter turmoil, Meta has found its opportunity to try an alternative app – and it looks promising.

The Guardian - AU

Channel 7’s David Koch is angry about an internet death rumour scam. What is it all about?

The latest scam ads report the false death of the morning host, much to his annoyance. So what are platforms and regulators doing about it?

Kiplinger

Stock Market Today: Stocks Wobble Ahead of Big Tech Earnings

The major indexes made modest moves ahead of earnings from Microsoft, Alphabet and Meta Platforms.

Inverse

Sorry, VR Legs Are Not Important

VR headsets can simulate head, arm, and hand movements, while completely neglecting our legs. Do we need them? And is movement the most crucial part of VR?

Barchart

Option Volatility And Earnings Report For April 24 - 28

It’s a massive week on the earnings front with some big cap tech companies reporting amongst many others. These include Amazon, Microsoft, Meta Platforms, Alphabet, Verizon, Coca-Cola, United Parcel Service and McDonald’s.

Axios

"Verified" becomes a badge of dishonor after Twitter checkmark confusion

Accounts of late celebrities including Chadwick Boseman have been marked "subscribed to Twitter Blue."

TechRadar

VR spiders are freaking terrifying: the VR games and apps I played in April 2023

In April 2023, I enjoyed Kill It With Fire, Gesture VR, and Little Cities in VR on my Meta Quest Pro and the HTC Vive XR Elite.

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