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The Latest Breaking News from Meta

Virtual Land Just Sold For 10 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $29,556, which is 2.57x the current floor price of 3.89 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Michael Hiltzik: A flailing Mark Zuckerberg wants Facebook to pivot to video — again

If the old saw is true about insanity defined as doing the same thing over and over again and expecting a different result, what are we to think about Mark Zuckerberg's latest idea to save his company?

Los Angeles Times

Meta to bring in mandatory distances between virtual reality avatars

Meta to bring in mandatory distances between virtual reality avatars

Move follows warnings Mark Zuckerberg’s plan for metaverse could lead to increased online harassment

The Guardian - UK

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Jim Cramer Highlights Key Differences Between Meta And Amazon Following Earnings

Meta Platforms Inc (NASDAQ: FB) appears to be the clear loser of the FAANG stocks this earnings season, while Amazon.com Inc (NASDAQ: AMZN) has emerged as one of the big winners.

Better Buy for 2022: Facebook vs. Snap

Today I'll analyze and compare Meta Platforms (FB) and Snap (SNAP) to determine which social networking platform is currently a better buy.

Mark Zuckerberg tearfully announces Facebook's pivot to video... again

The perfect strategy, really. What could go wrong?

Expert Ratings For Meta Platforms

Within the last quarter, Meta Platforms (NASDAQ:FB) has observed the following analyst ratings:

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EXCLUSIVE: Gemini's 1 Billion User March to the Metaverse

EXCLUSIVE: Gemini's 1 Billion User March to the Metaverse

Interview with Griffin Cock Foster, Co-Founder of Nifty Gateway, on Gemini/Nifty metaverse goals. The challenge of any technology that has nearly limitless potential in form and function, like the Metaverse, is defining what is hype and what is reality

Benzinga's Top Ratings Upgrades, Downgrades For February 4, 2022

Benzinga's Top Ratings Upgrades, Downgrades For February 4, 2022

Meta Agrees To Pay $2M Penalty To British Regulator

Meta Agrees To Pay $2M Penalty To British Regulator

Britain's Competition and Markets Authority penalized Meta Platforms Inc (NASDAQ:FB) £1.5 million ($2 million) over new issues regarding its purchase of Giphy, Reuters reports. The CMA ordered Meta to sell animated images platform Giphy, which Mark Zuckerberg-led Facebook had acquired for a reported $400 million in May 2020, after concluding that remedies offered…

A woman shares how 3-4 male avatars virtually gang raped her avatar in metaverse! Here is what we need to know about metaverse and mental health

"A virtual-reality space in which users can interact with a computer-generated environment and other users is metaverse," defines Oxford Language dictionary.

The Times of India

Facebook’s owner Meta sees its biggest ever market loss

Facebook’s owner Meta sees its biggest ever market loss

Facebook’s owner Meta has seen its biggest ever market loss, to the tune of $230bn (£169bn).

Evening Standard

Meta fined by UK watchdog again over enforcement order breaches

Meta fined by UK watchdog again over enforcement order breaches

Facebook's parent company has been told to pay a £1.5m fine for failing to alert the Competition and Markets Authority of a personnel change

Could The Meta Platforms Meltdown Continue?

Could The Meta Platforms Meltdown Continue?

Shares of Meta Platforms Inc (NASDAQ: FB) plummeted more than 26% after the Facebook parent reported disappointing fourth-quarter results and issued weak guidance.

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Jim Cramer Says Facebook-Parent Meta Has Become Undervalued But Here's Why You Should Wait Further To Buy

CNBC host Jim Cramer said investors wanting to buy Meta Platforms Inc. (NASDAQ: FB) stock should wait for the stock to find a bottom as institutional selling is extensive.

‘Unprecedented moment’: Why Facebook is declining and what it means for social media

Billions have been wiped off the value of Facebook as a declining usership, risky investments, and damaged reputation has people running scared.

The Independent UK

Meta fined for second time by watchdog for enforcement order breaches

The fine relates to enforcement orders linked to the Competition and Markets Authority’s investigation into Meta’s proposed takeover of Giphy.

Asharq Al-Awsat

Meta Slump and Interest Rate Fears Drag Stocks Lower

Stock markets slid Thursday, dragged down by a massive plunge in the shares of Facebook parent company Meta following disappointing earnings, as well as indications central banks may move more aggressively to raise interest rates.

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Asharq Al-Awsat

All in a Day: Zuckerberg Loses $29 Bln, Bezos Set to Pocket $20 Bln

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings. Meta's stock fell 26%, erasing more than $200 billion in the…

The Guardian - UK

No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The Times of India

Explained: Why Meta suffered biggest wipeout in history

NEW DELHI: Facebook parent Meta crashed 26 percent in US trading on Thursday on the back of poor earnings results with founder Mark Zuckerberg's wealth plunging by as much as $31 billion in one of the biggest one-day wealth drops ever.

The Independent UK

Asian markets shrug off tech-led selloff on Wall Street

Asian markets are mostly higher after a historic plunge in the stock price of Facebook's parent company helped yank other tech stocks lower on Wall Street

Mark Zuckerberg Just Lost $40B & We’re Feeling Very Tee Hee About The Whole Thing

Meta's price drop shakes tech's confidence

We've forgotten that tech stocks are famously volatile and risky. Now we remember.

Bitcoin Is Once Again Ahead Of Facebook In Market Capitalization After Latter's 26% Plunge

Bitcoin (CRYPTO: BTC) has surpassed Facebook parent Meta Platforms Inc (NASDAQ: FB) in value once again.

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