Meta
Irish Data Protection Commission Fines Meta €265 million.
Meta, Facebook’s parent company, has been fined €265 million by the Irish Data Protect Commission (DPC) for breaching the EU’s General Data Protection Regulation. The company failed to design Facebook…
Meta Records Biggest Loss of $3.67 bn in Q3 through Reality Labs.
Meta recorded a whopping loss of $3.67 billion through its Metaverse research and development arm Reality Labs for the third quarter of 2022. The firm expects deeper losses in 2023.…
Meta to Cut Costs by 10% Due to Ongoing Macroeconomic Challenges.
Meta, the parent company of the social media platform Facebook, is looking to cut costs by 10% or more over the coming months. It recently reported its first-ever revenue decline…
Meta’s New $1,500 VR Headset for Metaverse Entering ‘Trough of Disillusionment’.
Mark Zuckerberg, the CEO of Meta, says the company’s new $1,500 virtual reality headset is entering the trough of disillusionment. This puts the new Meta Quest Pro which goes on…
Meta’s Horizon Worlds metaverse game draws criticism for primitive graphics.
Horizon Worlds, the game accessible through Meta’s Oculus VR headset, has been criticized for graphics that look like a video game from the late 90s and early 2000s. A widely…
Meta sued by Australian regulator for false crypto ads.
One of the biggest reasons for the public resisting the adoption of cryptocurrencies is due to miscreants in the crypto realm abusing the services to deceive and prey on innocent…
Meta will “misfire”: Vitalik Buterin.
Ethereum co-founder Vitalik Buterin believes that attempts by corporations to create a Metaverse are going nowhere. He said Meta will “misfire”. Buterin says the metaverse is going to happen. However,…
Meta records $2.8 billion loss for Q2 in its ambitious metaverse division.
Mark Zuckerberg’s Meta’s ambitious metaverse division has taken a hit of $2.8 billion loss in the second quarter. This comes despite the company’s virtual reality (VR) hardware and software sales…
Meta concludes work on Novi digital wallet, to focus on metaverse development.
Meta, the parent company of Facebook, is concluding its ambitious digital wallet payments pilot Novi which was launched in October 2021. The company, which is drawing all its resources on…
Mark Zuckerberg anticipates that the Metaverse will be used by billions of people.
Mark Zuckerberg recently said in a TV interview that Meta Platforms is going to put in a lot of money for long-term research. He is of the opinion that the…
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