Meta pleads the court to allow documents alleging it profited off 'crypto' investment ads that turned out to be scams to remain confidential, which the Federal Court of Australia finds 'strange.'
Six senators, including Elizabeth Warren, wrote a letter to the Meta CEO demanding to know how he is fighting scams after readmitting ads.
Meta introduced NFTs to Instagram in May and is now expanding to Facebook as well, but is avoiding the controversy and calling them digital collectibles.
Instagram users in Africa, the Americas, the Middle East, and the Asia-Pacific regions can now post digital collectibles from three blockchains without charge.
Meta, formerly Facebook, reported its first ever revenue decline in Q2, while profits tumbled by more than one-third as its big bet on a proprietary metaverse continues to bleed money.
Novi users will lose all access to the wallet in September as Meta urges them to withdraw their funds, ending the roller coaster that has been the Diem project.
George Samuels went over why the "patent war" in the enterprise blockchain space is an important one to watch and why most of the digital currency market is asleep at the wheel.
In an SEC form 8-K filing Meta revealed that it is changing its public listing ticker on the Nasdaq stock exchange from 'FB' to 'META,' which will take effect on June 9.
Meta requested five trademarks for "Meta Pay," the description of the goods and services for the trademarks cover notes that the name will be used to offer "financial transaction processing services."
Some individuals in the "cryptocurrency space" are promoting false beliefs that open-source software is free and has no copyright, and devs don't have liability for the software they are developing.
Reality Labs, Meta’s metaverse and AR division, has been recording rising losses since 2019, burning as much as $10 billion in 2021—and the losses this year is expected to be higher.
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