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The Latest Breaking News from metaverse

New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings

Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...

Reason · Nov 18, 2022

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News · Nov 18, 2022

A tiny country threatened by rising sea levels is uploading itself into the metaverse to guarantee its existence

“As our land disappears, we have no choice but to become the world’s first digital nation,” Tuvalu Foreign Minister Simon Kofe told the COP27 climate summit.

Fortune · Nov 17, 2022

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Tuvalu turns to the metaverse as rising seas threaten existence

Tuvalu said on Tuesday it plans to build a digital version of itself, replicating islands and landmarks and preserving its history and culture as rising sea levels threaten to submerge the tiny Pacific island nation.

Reuters · Nov 15, 2022

Yuga Labs Acquires Beeple-Founded 10KTF And WENEW, Adds Artist To Advisor Role: What It Could Mean For The Future

A leading non-fungible token and Web3 company announced an acquisition Monday that could help power its ambitions for the metaverse.

Benzinga · Nov 14, 2022

Bulls And Bears Of The Week: Why Coinbase And FTX Are So Different, Diving Into Zuckerberg's Metaverse And More

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga · Nov 12, 2022

This week in the metaverse: NFT prices, Capital One trademarks, and Wrangler's NFT-themed apparel

NFT collections are so far resisting headwinds from the collapse of the FTX and Binance acquisition deal after prices fell steeply in the immediate aftermath.

Fortune · Nov 11, 2022

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Zuckerberg Will Continue To Pour Money Into The Metaverse — But Where's The 'Magic' In The Company's Metaverse Products Today?

Meta Platforms (NASDAQ: META) has seen better days.

Benzinga · Nov 11, 2022

Dressing for the metaverse: luxury has entered cyberspace...

Luxury fashion is going virtual at a dizzying pace — and for the sake of our planet and economies, it could be a blessing. Amy Francombe investigates

Evening Standard · Nov 11, 2022

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

The Guardian - UK · Nov 10, 2022

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga · Nov 9, 2022

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK · Nov 9, 2022

Crypto is in trouble, but the technology behind it is getting more useful

As new buzzwords like ‘metaverse’ take over the internet, consumer trends expert Matt Hay on why its less sexy counterpart will probably outlast them all

Evening Standard · Nov 9, 2022

5 challenges facing Adidas' incoming CEO from Kanye West to the World Cup

Whether it is the fallout from an anti-Semitism scandal or a lack of enthusiasm for football’s most important tournament, Bjørn Gulden has a lot of balls he will have to juggle to bring Adidas back on track.

Fortune · Nov 8, 2022

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Fortune · Nov 8, 2022

Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune · Nov 8, 2022

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Asharq Al-Awsat · Nov 8, 2022

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Fortune · Nov 7, 2022

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

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The Guardian - AU · Nov 7, 2022

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

Bangkok Post · Nov 3, 2022

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post · Nov 2, 2022

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Benzinga · Nov 2, 2022

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

The Guardian - UK · Nov 2, 2022

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

Evening Standard · Nov 2, 2022

What is the metaverse and what will it look like in the future?

The M word explained. Haifa Barbari on how the metaverse is crucial to brand loyalty and why the time to enjoy it all is now

Benzinga · Nov 1, 2022

Web3 Educational Platform Metakademy Offers World's First Earn While You Learn Crypto, NFT Course

Metakey on Tuesday announced a partnership with Layer-1 blockchain Wire Network, to support the relaunch of the Web3 education platform, Metakademy.

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