
Meta lost $3.7B on Reality Labs, but Zuckerberg still committed to metaverse bet
With $4 billion in expenses and only $276 million in revenue, Reality Labs continues to be a money pit for...
Meta gives up on NFTs
After debuting NFTs on Facebook and Instagram in 2022, Meta is winding down the project, which hasn’t taken off amid...
Meta plans for decentralized social media app unveiled in new report
Dubbed P92, the app will be text-based, and users can access the platform using their Instagram log-in details; it will...
Barry Silbert was bullish on Bitcoin BSV—even in 2014
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat,...
Irish privacy regulator fines Meta more than $400M over illegal ad practice
The decision by Ireland's Data Privacy Commissioner (DPC) found that Meta had illegally forced users to accept personalized ads by...
More bad news for Meta as Irish DPC imposes €265M fine over GDPR violations
The Irish Data Protection Commission assessed Facebook search, FB messenger contact importer, and Insta contact importer tool and found that...
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