Meta CEO Mark Zuckerberg is seeing the demise of his cryptocurrency project due to regulatory pressures, Bloomberg reported Tuesday (Jan. 25). The Diem Association, which used to be known as Libra and which is backed by Meta, is looking at selling its assets as a...
Meta has unveiled the AI Research SuperCluster (RSC), a supercomputer that the social media giant says will — by mid-year — be the fastest on earth, and that is designed to help the company enter the metaverse. “AI can currently perform tasks like translating text...
Meta Platforms stock surged to more than $346 per share on Monday (Dec. 27), its highest closing price in about six weeks, after Santa Claus and his helpers wrapped up a surprising number of Oculus virtual reality headsets for good little boys and girls —...
Facebook parent company Meta wants to have much more compatibility with blockchain technology, The New York Times reports. In a note to employees, future chief technology officer Andrew Bosworth, who will take that job next year, went over a new vision including much more focus...
Facebook recently closed a $60 million deal to purchase the trademark assets of Meta Financial Group after the social media giant renamed its company Meta, spokespeople for both companies told Reuters. The rebranding to the Meta name is meant to reflect Facebook’s focus on the...
Meta is offering new tools for creators on Facebook to monetize their work and track their audience growth. According to the company blog and a variety of published reports this week, the platform’s new professional mode lets creators access the bonus program offered in Reels....
Maybe it’s just a pronunciation bias given PYMNTS’ roots in Boston, or perhaps it’s the result of reading a steady flow of headlines extolling the new and improved virtual future of the company most people still refer to as Facebook. Whatever the reason, after five...
Splitting shared payments can be difficult, whether it’s quickly dividing up a dinner bill for several people or wrangling everyone’s share of rent in shared accommodation. These are a common enough struggles, and ones Facebook says it wants to help ease. As part of a...
Social media giant Facebook could face potential litigation from European consumer groups stemming from its collection of personal information related to games available on the app in 2012, according to a Thursday (Dec. 2) report from Reuters. The lawsuits — should they be filed —...