Market Analysis
Meta Up 1.5% in Premarket Amid Reports of More Downsizing
Meta shares are up over 53% YTD as the company's push to restore profitability at any cost pays out.
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News
Meta
Section
Meta
NFTs
Meta’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.
Metaverse
Gamium’s Native Token Up 370% as Startup Joins Meta’s Initiative
Gamium's GMM token is up almost 380% after the startup announced it has joined the Metaverse Activation Program launched by Meta and Telefonica.
Market Analysis
Meta’s Shares Jump 17%+ After Beating Expectations
Meta’s better-than-expected report sent its shares up by more than 17%, and Google and Pinterest’s by 4%.
Market Analysis
Despite Massive Layoffs, Most Tech Firms Have More Employees Now than Pre-COVID
The majority of tech companies still have more workers than at the start of Covid despite the recent massive layoffs.
Market Analysis
Is Big Tech Overshadowing the Stock Market Rebound?
Alphabet, Amazon, Apple, Meta, and Microsoft are responsible for nearly half of the S&P 500’s losses over the past 12 months.
Best Stocks
Meta to Pay $725M in Historic Settlement in Cambridge Analytica Case
Meta Platforms agreed to pay $725 million to resolve a class-action lawsuit involving Cambridge Analytica in a historic settlement.
Metaverse
LG Leads in Number of Metaverse Patents Filed Since 2016
LG Electronics submitted the most metaverse patents since 2016.
Metaverse
Can Apple Squeeze Meta Out of the Metaverse? Headset Plans Revealed
Apple's recent job postings clearly make mention of a type of “3D mixed-reality world,” increasing metaverse speculations.
Best Stocks
Meta to Let Go 11,000 Employees, 13% of its Workforce
Mark Zuckerberg sent a letter to employees, saying Meta is laying off 13% of its staff.
Market Analysis
Meta Up 3.5% After News of Mass Layoffs Affecting Thousands
Meta's layoffs could be among the largest rounds in the recent tech job cuts and might affect thousands of employees.
Latest
Meta Warned that it Cannot Self-Regulate its Metaverse in the UK
Meta and Microsoft will not be able to self-regulate their metaverse businesses in the UK, says Ofcom chief.
Metaverse
Meta Lowers Expectations for Horizon Worlds as Most Virtual Worlds Remain Empty
Meta's Horizon Worlds has seen a steady decline in the number of users since the spring.