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Meta

Meta to lay off 10,000 workers as metaverse ambition wanes
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17 March, 2023

Meta to lay off 10,000 workers as metaverse ambition wanes

Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly...
Meta gives up on NFTs
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15 March, 2023

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
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14 March, 2023

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...
EU to monitor antitrust and promote healthy competition in the metaverse
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8 March, 2023

EU to monitor antitrust and promote healthy competition in the metaverse

The European Union’s antitrust head says the region must adapt its policies to fit the digital age, including promoting healthy...
Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more
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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...
Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report
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7 February, 2023

Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report

A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR...
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