
Meta’s profit slides due to big bet on proprietary metaverse
Meta, formerly Facebook, reported its first ever revenue decline in Q2, while profits tumbled by more than one-third as its...
Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream
Novi users will lose all access to the wallet in September as Meta urges them to withdraw their funds, ending...
Facebook completes rebrand to Meta, changes Nasdaq listing ticker
In an SEC form 8-K filing Meta revealed that it is changing its public listing ticker on the Nasdaq stock...
Meta files 5 trademarks for ‘Meta Pay’ amid plans to launch digital currency exchange
Meta requested five trademarks for "Meta Pay," the description of the goods and services for the trademarks cover notes that...
Open source and liability
Some individuals in the "cryptocurrency space" are promoting false beliefs that open-source software is free and has no copyright, and...
Facebook’s Reality Labs lost $3B in Q1, but Zuckerberg says metaverse is the future
Reality Labs, Meta’s metaverse and AR division, has been recording rising losses since 2019, burning as much as $10 billion...