It seems, for Big Tech, a lightning trip on the way to, and a swift descent from, from the trillion-dollar mark. Trillion-dollar market cap, to be exact. For Meta Platforms (the parent company of Facebook), that milestone seems long ago and far away, a hallmark...
Facebook parent Meta told members it is closing its Novi digital wallet and they should remove their funds as soon as possible, certainly by September. Observers said the move is further evidence that Facebook has decided to move on from its Libra cryptocurrency experience. In...
Meta told employees to brace for changing economic tides as it reduces hiring outlooks for engineers and leaves other positions unfilled, according to multiple media reports. In a weekly Q&A session obtained by Reuters, Meta CEO Mark Zuckerberg said he’s expecting “one of the worst...
Meta is piloting non-fungible tokens (NFTs) with Ethereum and Polygon for select U.S. creators on Facebook and will soon add Solana and Flow, a Meta spokesperson told Decrypt. The move follows the social media giant’s NFT support for some creators on Instagram in May. Last...
Meta Platforms is looking into a “leaner” second half of 2022, as data privacy issues hit its ad business and macroeconomic pressures increase, Reuters wrote Thursday (June 30), citing an internal memo. Meta, the parent company of Facebook, will have to “prioritize more ruthlessly” as...
Meta is introducing expanded tools to help creators make more money, including a creator marketplace with branded partnerships, an expanded Facebook Stars program, a wider Facebook Reels earnings program and more. The social giant said it’s also committing to not taking fees on Subscriptions, Badges, Paid Online Events...
Meta Platforms is debuting a digital clothing store to let users buy designer outfits for avatars, according to CEO Mark Zuckerberg, Reuters wrote. He said there would immediately be items from Balenciaga, Prada and Thom Browne. Meta said these things would cost between $2.99 and...
France’s Competition Authority said Thursday (June 16) it had accepted promises by Facebook parent Meta Platforms to share some advertising data with competitors in the country. The antitrust regulation had been conducting an inquiry into Meta’s business practices in the country. According to a press...
Meta’s Facebook is planning a redesign to compete with TikTok and will restructure its main feed around videos and tweak its algorithm, The Verge reported, citing a leaked internal memo from Tom Alison, Meta VP in charge of Facebook. Facebook’s main feed is now populated...