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Is Meta raising money for AI development?
As Meta CEO Mark Zuckerberg chases the Metaverse dream, he seemed to miss the wave of consumer-facing AI-powered programs being...
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
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...
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
Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...
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