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The Latest Breaking News from Meta

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

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

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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

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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

$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.

Benzinga

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’

The Guardian - US

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.

Bangkok Post

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

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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

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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.

Benzinga

Credit Suisse Slashed Price Targets On Google, Meta Ahead Of Quarterly Earnings

Credit Suisse analyst Stephen Ju slashed the price targets on two Big Tech companies ahead of their quarterly earnings.

Benzinga

This Plot Of Digital Land Just Sold For $15,642 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $15,642, which is 3.00x the current floor price of 1.7 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Inflation And Tech Earnings Set To Rattle Many Markets Next Week

Next week, the largest market events will centre on inflation, with Australia and the European Area updating the market as to their respective rising consumer prices. Wednesday, April 27, 2022 Australia Inflation Rate YoY Q1

Benzinga

Meta Platforms Whale Trades For April 21

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:FB) we detected 64 strange trades.

Benzinga

Google, Facebook Restrict Social Media Presence Of Hong Kong's Leadership Candidate

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ: FB) have restricted the social media presence of former Hong Kong security chief John Lee due to U.S. sanctions, the Financial Times reports. Google-owned video streaming platform YouTube suspended Lee’s campaign channel, while Meta’s Facebook and Instagram banned payment services by the former official despite…

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