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The Latest Breaking News from metaverse

Facebook's Meta Posts First-ever Revenue Drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

Asharq Al-Awsat

Mark Zuckerberg Clings to His Big and Risky Bet

The metaverse is the future of social media giant Meta Platforms, says the billionaire. And yet...

The Street

Facebook's Meta posts first-ever revenue drop

San Francisco (AFP) - Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

AFP

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Facebook's Meta reports first ever revenue drop

San Francisco (AFP) - Facebook-parent Meta on Wednesday reported that its quarterly revenue dropped year-over-year for the first time ever, as its profit plunged by more than a third.

AFP

Meta posts its first-ever quarterly revenue decline

The company faces competition, regulation and the cost of its metaverse pivot.

Axios

Meta Stock Tumbles After First-Ever Revenue Decline, Q2 Earnings Miss, $2.8 Billion Reality Labs Loss

"We're putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta," said CEO Mark Zuckerberg.

The Street

US regulators move to block Meta virtual reality app deal

San Francisco (AFP) - US market regulators on Wednesday went to court in an effort to stop Facebook-owner Meta from buying virtual reality fitness app maker Within, a potential blow to the tech giant's metaverse ambitions.

AFP

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Meta Quarterly Report Shows First-Ever Revenue Decline, Outlook A Miss

The Meta earnings report late Wednesday missed estimates on the top and bottom lines and showed its first year-over-year revenue decline.

Investors Business Daily

The Metaverse Is Not the Future. It's Already Here.

By Eran Elhanani One day you won't be able to imagine a world without the metaverse, and that day is today.

Benzinga

Gucci and Balenciaga owner enters the metaverse with KNXT project

So far, Kering’s project offers multiple digital drops to be tested by consumers online.

Input

Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy

Key Takeaways: Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017 Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins By Ken Lo

Benzinga

A brighter future for Thailand's past

Every year brings Thailand a new buzz phrase that academics, officials and the news media chant like a mantra hoping that it will unlock a better future. Digital hub. Smart city. The metaverse.

Bangkok Post

Facebook pivots away from news after shoving it in our faces for years

Execs are chasing influencer and metaverse profits instead.

Input

Is Hollywood ready for the 3D internet? Big questions with 'Metaverse' author Matthew Ball

LOS ANGELES — Whether you like it or not, the metaverse is coming. Hollywood had better get ready.

Los Angeles Times

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The Hindu

Of metaverse weddings

The pandemic has given a full shake-up to the traditional ceremony

StockNews.com

Jump on the Metaverse Bandwagon With These 3 Stocks

Dubbed as the next big thing in the tech space, the metaverse’s immense growth prospects are driving tech giants to jump on the metaverse bandwagon. Therefore, it could be wise to invest in popular metaverse stocks Autodesk (ADSK), Microsoft (MSFT), and Rimini Street (RMNI). Read on….

Evening Standard

Will everyone be welcome in the metaverse?

Meta must prove it’s built the right protections for users if the metaverse is to be an inclusive space

Input

Tommy Hilfiger’s NYFW show will be simultaneously digitized on Roblox

Tommy incorporates the metaverse after a three-year hiatus from New York Fashion Week.

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news in one place.

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Benzinga

Benzinga Before The Bell: Tesla's AI Exec Quits, Hyundai Unveils Ioniq 6 EV, Taiwan Semiconductor's Massive Q2 Profit Surge And Other Top Financial Stories Thursday, July 14

CNBC United Airlines, Pilots’ Union To Improve Agreement By Renegotiating

Input

Farfetch to invest $150K in luxury web3 startups

Farfetch is seeking to expand its exclusive web3 offerings through the Dream Assembly Base Camp.

Tribune News Service

Hormel seeks metaverse trademarks for Spam and Mr. Peanut

Mr. Peanut is headed to the metaverse.

Asharq Al-Awsat

Startups Eye Metaverse, NFTs, to Solve Africa’s Economic Woes

It might sound like science fiction, but a Nigerian-born tech entrepreneur thinks he has found a way for Africans to escape problems like inequality and bad governance - a virtual nation born online. His is among a number of African-led virtual projects that aim to help the world's poorest continent…

Input

Playboy goes full 'Minecraft,' teases pixelated mansion in the metaverse

The brand is looking to dive into web3 through a partnership with The Sandbox, but the early results look decidedly un-sexy.

Bangkok Post

Aespa speak on sustainable development

K-pop girl group Aespa recently spoke at the United Nations' High-Level Political Forum (HLPF) on Sustainable Development held at the United Nations headquarters in New York.

Bangkok Post

5G connections to jump to 400m in 2025

5G connections in Asia-Pacific are expected to surge fourfold from this year's level to 400 million in 2025, while the industry's consolidation and the metaverse are gathering momentum in the region, according to a report by the GSM Association (GSMA), a group of telecom operators worldwide.

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