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The Latest Breaking News from Meta

More and more people, including traditionally trained architects, are creating buildings for the booming virtual real estate market.

Input

US Lawmakers Urge DOJ To Probe Amazon: WSJ

A U.S. congressional committee urged the Justice Department to investigate Amazon.com Inc (NASDAQ:AMZN) for potential criminal obstruction of Congress, the Wall Street Journal reports. The committee alleged Amazon's refusal to disclose information as part of its investigation into Amazon's competitive practices. Amazon allegedly attempted to cover up a lie that Amazon told lawmakers…

Benzinga

The 9 best apps to get started working in VR

Whether you’re ready or not, virtual workspaces are coming to replace our work-from-home world.

Input

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Lawsuit Accuses Facebook Parent Meta Of Misguiding Investors Regarding Apple's Privacy Policy

A proposed class-action lawsuit alleged Meta Platforms Inc (NASDAQ:FB) misguided investors into believing that the impacts of privacy tweaks to Apple Inc's (NASDAQ:AAPL) iOS software for iPhones "were manageable," Bloomberg reports. The lawsuit corroborated that Meta made the statement before disclosing its expectation to lose $10 billion in ad revenue in 2022 due to the changes. The…

Benzinga

China's state media buys Meta ads pushing Russia's line on war

State media outlets are finding ways around social media platforms' efforts to limit them.

Axios

Twitter Appoints This Silicon Valley Prodigy To Compete With TikTok

Twitter Inc (NYSE:TWTR) appointed Michael Sayman to help court younger users as it looks to compete against ByteDance Ltd's TikTok, the Washington Post reports. Sayman is known as Silicon Valley's product-building prodigy for youth. At Twitter, Sayman will be working on "0-1," a new group focused on building experimental features within the company.…

Benzinga

Piper Sandler Slashes Facebook Parent Meta's Price Target By 20%; Reiterates Overweight

Piper Sandler cut its price target on the Meta Platforms Inc (NASDAQ: FB), noting that its advertising headwinds are likely to continue for several months. Analyst Thomas Champion lowered his price target to $240 from $301, implying a 28% upside.

Benzinga

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There’s no VR internet in our future — at least not one we’d want

HTC’s pitch for the metaverse, called Viverse, is a collection of buzzwords –– AI, 5G, NFTs! — a clone of Meta’s promises without the scam-covering sheen.

Input

Why Amazon, Meta Platforms And Microsoft Shares Are Falling Today

Shares of several companies in the broader technology sector, including Amazon.com, Inc. (NASDAQ: AMZN), Meta Platforms Inc (NASDAQ: FB) and Microsoft Corporation (NASDAQ:

Benzinga

The power of tech giants has made them as influential as nations. Here's how they're sanctioning Russia

The world’s five leading tech companies – Google (now Alphabet), Apple, Facebook (now Meta), Amazon and Microsoft – have taken steps to impose significant and (mainly) voluntary sanctions on Russia, in response to its invasion of Ukraine.

The Conversation

From ‘The Lawnmower Man’ to Meta: VR’s most important moments

Thirty years ago an adaptation of Stephen King’s ‘The Lawnmower Man’ hyper-fixated on the dangers of “virtual reality." Here’s a short timeline of how VR has become a mainstream buzzword.

Input

Facebook and Instagram banned in Russia, country's communications regulator confirms

The move is a major escalation in an ongoing confrontation between big tech companies and Russia, which has in recent years issued a slew of fines and hobbled services through slowdowns.

Daily Record

Meta, SoftBank Backed Indian Startup Targets IPO; Exploring Indian and US Exchanges

Facebook parent Meta Platforms Inc (NASDAQ:FB) and SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund 2 backed Indian startup, Meesho, looks to go public in early 2023, Reuters reports. The Bengaluru-based social commerce platform is rooting for a listing by the end of 2022. Meesho is evaluating both Indian and U.S. exchanges. Resellers on the company's…

Benzinga

Putin restricts access to Twitter as Russia launches information war against Ukraine

Russian state communications regulator Roskomnadzor has restricted access to Twitter hours after it blocked Facebook in a major escalation amid the ongoing confrontation between big tech and the Kremlin

Daily Mirror

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The Guardian - US

Russia blocks access to Facebook and Twitter

Move to block Facebook and Twitter comes as the Russian government passed a bill the criminalizes ‘fake’ reports against the war

The Independent UK

Ukraine invasion: Russia blocks access to Facebook for its 146 million citizens

Sir Nick Clegg, vice president of global affairs at Facebook’s parent company Meta, has spoken out against the decision.

Axios

Russia blocks access to Facebook

It's part of a greater effort by Russia to silence dissent.

Tribune News Service

Putin propaganda machine undercut by social media blackout

Russia’s invasion of Ukraine dredged up concerns that the country’s aggression would extend to social media, and that the Kremlin’s long-running campaign to use the internet to stir doubt and division in democracies would confuse public opinion on the war.

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Benzinga

Airbnb Suspends Operations In Russia, Belarus

Home rental company Airbnb Inc (NASDAQ:ABNB) suspended its operations in Russia and Belarus, CEO Brian Chesky tweeted. Multiple U.S. conglomerates aligned with sanctions on Russia by restricting their services post its invasion of Ukraine. The conglomerates include Facebook parent Meta Platforms Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google followed by the likes of Netflix Inc (NASDAQ:NFLX), Spotify Technology S.A. (NYSE: SPOT) and many more.…

Benzinga

A Bullish Sign For Apple, Meta Platforms And PayPal Stocks: What The Charts Are Saying

Apple, Inc (NASDAQ: AAPL), Meta Platforms, Inc (NASDAQ: FB) and PayPal Holdings, Inc (NASDAQ: PYPL) are all trading higher in strong

Input

Gov't TikTok investigation probes platform's effect on children

TikTok says it appreciates "that the state attorneys general are focusing on the safety of younger users."

Tribune News Service

Facebook researchers find its apps can make us lonelier

When Facebook hosted an internal competition a few years ago to develop new product ideas, a handful of employees teamed up to build a robot named Max.

Reuters

UK asks Meta, Tik Tok to prevent access to RT

Britain's culture minister said she had asked social media company Tik Tok and Facebook's parent company Meta Platforms if they could prevent access to Russian state-owned television network RT in Britain.

Benzinga

This Plot Of Digital Land Just Sold For $14,420 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $14,420, which is 1.63x the current floor price of 3.0 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 $14,685 (4 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $14,685, which is 1.66x the current floor price of 3.0 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

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