Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Cheer up Mark, the share price might have done better in the metaverse… February 4, 2022 Meta faced its worst single-day wipeout yesterday, as shares plunged over 25 per cent, slashing $220bn (£162bn) off the company’s value. It comes after Facebook’s owner reported dismal results on Wednesday night, citing Apple’s privacy changes and “increasing competition” as the key drivers for its demise. “Meta’s quarterly results confirmed what investors were already worried [...]
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
Meta plots entry into red hot NFT market January 20, 2022 Meta is reportedly working on plans to let users create and sell non-fungible tokens as the global market for digital collectibles heats up.
London’s Queen Mary students receive first lecture in the metaverse January 19, 2022 A group of Queen Mary third year medical students received their first lecture in the virtual reality (VR) world this week
Facebook fails to block antitrust lawsuit over WhatsApp and Instagram ownership January 12, 2022 Meta faces another blow as it loses its attempt to dismiss a US Federal Trade Commission (FTC) antitrust lawsuit, which could force it has to sell WhatsApp and Instagram.
Meta to appeal watchdog’s ruling on Giphy acquisition January 5, 2022 Facebook owner Meta has applied to be able to appeal a ruling by the competition watchdog this morning that said it must sell popular animated images platform Giphy.
Apple hands out £130k bonuses as it fends off Meta engineer grab December 30, 2021 Apple has handed out bonuses of up to $180,000 (£133,000) as it tries to fight off rivals for engineering talent. It comes as Facebook owner Meta Platforms is looking to build a team of thousands to build its virtual world. According to The Times, Zuckerberg’s company has hired about 100 engineers from Apple over the past [...]
Facebook says it’s behind the £45m deal for Meta name rights December 13, 2021 Meta, the owner of social media network Facebook, is behind a $60m (£45m) deal to acquire the trademark assets of U.S. regional bank Meta Financial Group, spokespeople for the companies said this evening.
Meta builds social reality space Horizon Worlds December 10, 2021 Meta (Facebook) has released its first social reality space, Horizon Worlds, after a year of testing.
