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Meta Down 1.4% Premarket After $1.3B Fine Over US Data Transfers
The fine against Meta is the largest of its kind in the EU so far.
May 22, 2023Meta Still Committed to Metaverse, Expects Division Losses to Increase
Meta's Reality Labs division has lost nearly $4 billion this quarter and $13.7 billion in total last year.
April 27, 2023Meta to Launch Generative AI for Creating Ads This Year: Report
Meta plans to eventually integrate its generative AI technology into all of its products and services, including Facebook and Instagram.
April 05, 2023Big Firms Loved the Metaverse Not Long Ago; Now They’re Abandoning It
Major metaverse platforms like Decentraland and The Sandbox have seen a sharp decline in the number of virtual land sales too.
March 28, 2023Meta’s Head of FinTech Says Company “Winding Down” NFT Support
Meta is ending support for digital collectibles and focusing on other ways for creators to monetize their work.
March 13, 2023