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The Latest Breaking News from Meta

Meta Partners With Trio Of Top Fashion Brands

Facebook parent teams with Balenciaga, Thom Browne and Prada to create digital outfits for avatars.

Zenger

Is Facebook Losing Out To TikTok? Brazilian Investment Bank Liquidates 4-Year Long Position In Meta

Meta Platforms, Inc. (NASDAQ: META) stock is slowly losing its appeal among institutional investors amid its recent fundamental setbacks.

Benzinga

Benzinga Before The Bell: Executive Shakeup At Amazon, Boeing Supply Chain Warning, Apple's Tim Cook Says 'Stay Tuned' On AR/MR And Other Top Financial Stories Wednesday, June 22

CNBC Moderna To establish New Vaccine Facility In Britain

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Alibaba Group Holding Limited (NYSE:BABA), and other tech giants striving to build the emerging metaverse concept have formed a group to foster the development of industry standards. The initiatives look to make the companies' nascent digital worlds compatible. The Metaverse Standards Forum includes leading companies working in the space, from…

Benzinga

'Large numbers' of upskirting images on Facebook removed by Meta

Follows investigation by BBC News

Wales Online

Tech giants form metaverse standards body, but without Apple

Tech giants such as Meta, Sony and Adobe, together with oversight groups like the World Wide Web Consortium, have created a forum to set standards for the nascent metaverse industry. The move aims to make digital worlds compatible with each other. However, Apple and Snapchat have not joined the outfit.…

France 24

Meta Facing AR/VR Slowdown: Analayst Updates Expectations On Quest 2 Pro Headset Launch

Meta Platforms, Inc. (NASDAQ: META), which changed its name and ticker to reflect its pivot toward the metaverse, is not seeing much traction on that front, according to tech analyst Ming-Chi Kuo.

Benzinga

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Facebook Agrees to Safeguards in Ad Discrimination Case

Facebook owner Meta has agreed to change its ad targeting technology and pay $115,000 to settle US government allegations the social media giant allowed discrimination in who saw housing advertisements, authorities said Tuesday.

Asharq Al-Awsat

What's Going On With Meta Platforms Stock?

Meta Platforms Inc (NASDAQ: META) shares are trading lower Tuesday after CEO Mark Zuckerberg announced changes to how creators generate income on the company's social media platforms.

Benzinga

Here's Why Needham Predicts Taboola Shares To Double

Needham analyst Laura Martin reiterated Buy on Taboola.com Ltd (NASDAQ:TBLA) with a price target of $5 (95.3% upside). Martin cited the eMarketer report that advertising revenue on the Open Internet (excluding Walled Gardens like Amazon.com Inc (NASDAQ: AMZN), Meta Platforms Inc's (NASDAQ:META) Facebook, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, YouTube, Snap Inc (NYSE:SNAP), and Roku, Inc (NASDAQ:ROKU)) is about $40 billion in the U.S. and about…

Benzinga

Facebook and US make deal to stop discriminatory housing ads

The Justice Department says Facebook will change its algorithms to prevent discriminatory housing advertising as its parent company subjects itself to court oversight in a response to a U.S. lawsuit

The Independent UK

Metaverse Land Just Sold For $3,293 (3 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $3,293, which is 1.60x the current floor price of 1.88 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

This Plot Of Digital Land Just Sold For $7,684 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $7,684, which is 3.72x the current floor price of 1.88 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Meta’s online store stocks Balenciaga, Prada, and Thom Browne

Digital clothing from the luxury labels will be available next week.

Input

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Input

How Meta is trying to make VR indistinguishable from reality

The prototype VR headsets Mark Zuckerberg demoed could be game-changers, but they’re still many years from release, and ignore the metaverse’s current issues.

Asharq Al-Awsat

The Battle to Build a Child-friendly Metaverse

As a young woman straps on her vest and headset and becomes immersed in a virtual world, Mainak Chaudhuri talks excitedly about the potential of the technology. "This is the first step towards the metaverse," Chaudhuri of French start-up Actronika told AFP at this week's VivaTech trade show in Paris.…

Zenger

Wendy’s Adds “Sunrise City” To Its Metaverse

Restaurant chain's latest cyberworld offers a breakfast lover's playground.

The New Daily

‘Death of photography on the platform’: Instagram users share outrage as platform trials major changes

Instagram users have shared their frustration after the platform trialling major changes, one calling it the "death of photography" on the platform.

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Benzinga

This Plot Of Digital Land Just Sold For $2,501 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,501, which is 1.30x the current floor price of 1.75 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Virtual Land Just Sold For 2 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $2,744, which is 1.43x the current floor price of 1.75 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Benzinga

Raymond James Lists Its Top Stock Picks In Online Ad

Raymond James hosted an online advertising conference call with an industry expert. The expert has visibility into ~$2 billion of spend with a mix similar to the ad industry and diversified across Fortune 1,000 advertisers.

Benzinga

Needham Considers It Futile For Meta To Compete With TikTok, YouTube, Amazon, Google

Needham's Laura Martin said Meta Platforms Inc's (NASDAQ: META) falling brand value is a lead indicator for rising customer acquisition costs, churn levels, and declining pricing power.

Benzinga

This Is What Whales Are Betting On Meta Platforms

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Independent UK

Polyamorists lobby Facebook to change ‘exclusionary’ relationship status

‘This restriction perpetuates the erasure and marginalisation of non-monogamous relationships’

Benzinga

TikTok President Reasons Why Copying The Former Will Not Be Conducive For Facebook

TikTok's President of Global Business Solutions and former Meta Platforms, Inc (NASDAQ:META) Facebook veteran Blake Chandlee in a CNBC interview, shared how TikTok massively differed from Facebook. ByteDance Ltd-owned TikTok did not look to mimic Facebook. In contrast, Facebook struggled to win users by restructuring its Facebook and Instagram apps to emulate TikTok's popular short video format.…

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