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The Latest Breaking News from Meta

10 Biggest Price Target Changes For Wednesday

Pivotal Research cut Netflix, Inc. (NASDAQ: NFLX) price target from $550 to $235. Netflix shares dipped 27% to $254.64 in pre-market trading.

Benzinga

Meta's WhatsApp Business Fund Transfer Hits Roadblock In Brazil: FT

Meta Platforms Inc's (NASDAQ: FB) long-awaited ambition of allowing users to send money to businesses via messaging app WhatsApp in Brazil suffered a roadblock with potential payments partners, the Financial Times reports. WhatsApp looked to launch a payments-to-merchant (p2m) function in Latin America's most populous country in 2021. However, WhatsApp has struggled to…

Benzinga

Is Meta Stock Being Overlooked? Why This Investor Is Buying Ahead Of Earnings

Netflix Inc (NASDAQ: NFLX) kicked off FAANG earnings Tuesday, announcing quarterly results after the bell, but there's another FAANG name on one investor's radar.

Benzinga

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Metaverse Land Just Sold For $71,038 (32,888 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $71,038, which is 8.50x the current floor price of 2.693 Ethereum (CRYPTO: ETH) ($71,038 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

Russian court says appeal launched against ban on Meta for "extremism" - Interfax

An appeal has been launched against a Moscow court ruling that banned Meta from operating in Russia on the grounds of "extremist activity", Interfax news agency said on Tuesday.

Reuters

Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2022

Upgrades

Benzinga

Here's Why Meta Investors Remain Divided Over Board Member Election

A group of shareholders urged Facebook parent Meta Platforms Inc (NASDAQ:FB) shareholders to vote against the re-election of two board members, Marc Andreessen and Peggy Alford. PayPal Holdings Inc's (NASDAQ:PYPL) Peggy Alford joined the Facebook parent's board in 2019, whereas venture capitalist Marc Andreessen has served on the company's board since June 2008, Reuters reports. "We…

Benzinga

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Amazon Is Hiring For Multiple Positions For AR Products

Amazon.com Inc (NASDAQ:AMZN) has been looking to hire for multiple roles for an unannounced AR/VR product, reflecting its plans of building a substantive team, the Protocol reports. Amazon looks to fill many senior positions for computer vision scientists, designers, program managers, product managers, researchers, and technologists. Amazon looked for someone to develop…

Benzinga

No, Australian Commonwealth Bank Isn't Tying With Any Exchange For Trading Of Bitcoin Or Any Crypto

Australian Commonwealth Bank warned of a fake news article circulating on Meta Platforms, Inc's (NASDAQ: FB) Facebook and other social media platforms.

Benzinga

Instagram adds fundraising to Reels to help nonprofits

Meta Platforms Inc., the social media giant formerly known as Facebook, plans to celebrate Earth Day by expanding its offering of fundraising tools and making them more easily available to more than 1.5 million nonprofits on its Facebook and Instagram platforms, including those involved in fighting climate change

The Independent UK

No College Degree? Apple, Tesla And More Companies Say 'No Problem'

This article was originally published on April 18, 2022 As a general rule, going to college provides more opportunities than not. At the same time, the cost of higher education is increasing and some would-be university students are essentially priced out of attending.

Benzinga

Virtual Land Just Sold For 3 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $9,104, which is 1.63x the current floor price of 1.9 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 $20,172 (9,840 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $20,172, which is 2.53x the current floor price of 2.699 Ethereum (CRYPTO: ETH) ($20,172 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Benzinga

This Plot Of Digital Land Just Sold For $11,195 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $11,195, which is 2.00x the current floor price of 1.9 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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Asharq Al-Awsat

Gaming Platforms FlickPlay, The Sandbox Take Steps toward Metaverse

Gaming companies FlickPlay and The Sandbox announced a new partnership on Monday that will allow players to use a blockchain asset on both platforms, representing a key step in the building of the metaverse. The idea of the metaverse involves people moving freely between virtual worlds on different platforms and…

The Guardian - UK

Facebook ‘lacks willpower’ to tackle misinformation in Africa

As company pursues growth on continent, it stands accused of not putting enough money into moderating content

The Guardian - UK

Facebook’s fibre optics in Nigerian state put Africa pivot in focus

As company faces rising pressure in west, it is investing in digital infrastructure elsewhere

The Guardian - UK

Facebook struggles as Russia steps up presence in unstable west Africa

Increasingly sophisticated efforts to influence opinion are making it harder to establish whether they breach Facebook’s policies

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The Guardian - UK

Instagram under fire over sexualised child images

Accounts showing pictures of children that raised concern were not removed even after being reported

The Guardian - AU

AEC alarmed at ‘dangerous’ voter fraud claims spreading before Australian election

Candidates from One Nation, United Australia party and other micro parties have begun seeding Facebook with advice tinged with claims about ballots being erased, amended or hidden

inkl Originals

The Weekly Wrap for Saturday, 16 April 2022

Have you heard this one? Twitter's largest individual shareholder, its biggest troll, and the world's richest man walk into a boardroom meeting. The chairperson says, "Good afternoon, Mr Musk."

Input

Facebook loses interest in podcasts as metaverse push intensifies

Meta is following trends so fast it doesn't even fully implement one before moving on to the next.

The Guardian - US

Zuckerberg has too much social media power, says wannabe Twitter boss Musk

Tesla chief mocks Meta CEO with comparison to King Louis XIV and promises different share ownership structure

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

Benzinga

Apple Dubs Meta A Hypocrite Over Latest Announcement As Tech Giants' Bitter Verbal Battle Charges On

Apple Inc (NASDAQ: AAPL) has called out Meta Platforms Inc (NASDAQ: FB) for charging creators close to 50% for all virtual sales in its metaverse.

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