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Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire which posted a final profit of $5.7 billion. While the $4 billion loss follows a $14 billion loss in 2022, Zuckerberg
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In this week’s Q1 tech earnings reports, investors look for signs of staying power amid a recession-threatened economy. Tech earnings will make up a significant portion of corporate Q1 earnings this week, in the second week of quarterly reports. Investors will be paying close attention to Amazon (NASDAQ: AMZN), Microsoft (NASDAQ:
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Meta Platforms have been spending billions of dollars to get its metaverse initiative on a very good footing, and this year marks one of the critical periods that will redefine the direction of the entire pursuits. American multinational tech giant Meta Platforms Inc (NASDAQ: META) is set to implement a new
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Trump drops series 2 NFT collection ahead of presidential runAnother round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC).The collection was launched on April 18 at a price of $99 each, it currently
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According to the advocates, Meta will expose teenagers and young adults to harassment and privacy violations. Social media giant Meta has received a huge backlash following its recent Metaverse announcement. While its metaverse app Horizon Worlds currently serves users of 18 years and above, the platform recently revealed plans to make
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Advocacy organizations and safety groups have urged Mark Zuckerberg’s social media giant Meta to halt plans allowing minors into metaverse.Online safety groups and experts sent a letter to the Meta CEO on April 14, calling out the firm to scrap its plans to invite teenagers and young adults to join
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Tech giant Meta - the parent company of Facebook, Instagram and WhatsApp messaging service - has been eyeing expansion into the metaverse for some time now. However, it has had a rough start, with billions in losses.Nonetheless, a new report from the Wall Street Journal says that Meta’s programmers working
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Bosworth heads the Meta Platforms unit that handles the company’s metaverse initiative and according to the veteran, the AI product being developed will help reshape this yet-to-be-launched technology in remarkable ways. Andrew Bosworth, the Chief Technology Officer of Meta Platforms Inc (NASDAQ: META) has revealed in a recent interview that the
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Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even over
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Welcome to the latest edition of Cryptox’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newsletter, read about why Meta decided to “wind
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