Meta
Meta Unit’s Q1 2023 Metaverse Fund Sees Nearly $4B Loss
Reality Labs, the metaverse-focused division within Meta, formerly known as Facebook, posted a net loss of nearly $4 billion in ...
Will the Metaverse ever be real? Here’s what you should know about its current status
The idea of the Metaverse, a truly immersive virtual world where individuals may connect and communicate with each other, has ...
Meta Removes NFTs from Facebook, Instagram
Meta, the company behind popular social media platforms like Facebook, Instagram and WhatsApp, has just announced it is “winding down” ...
Microsoft is disbanding its Industrial Metaverse Team
Microsoft, the latest IT behemoth to go down on its metaverse plans, let go of its roughly 100-person industrial metaverse ...
Meta Wins the Court to Buy a Metaverse Startup; Expansion Speeds Up!
In a recent Bloomberg report, Meta won a court ruling to buy a virtual reality startup.
Zuckerberg Plans to Continue Efforts on Metaverse
As far as social media is concerned, Mark Zuckerberg is still looking to expand his company’s activities. These were the ...
SUI, Driven by Ex-Meta Employees, Launches its Testnet
The SUI network is a single-layer blockchain that is developed by ex-Meta employees. In a recent development, SUI has come ...
Meta Prepares For “Large-Scale Layoffs” This Week Amid Cost Cutting: Report
Technology giant, Meta is reportedly planning to begin large-scale layoffs this week following several months of targeted staffing reductions. The ...
NFT Trading Will Be Available on Instagram
Meta reported that the social media platform Instagram will soon have an end-to-end toolkit for creators to make, show, and ...
Facebook’s Metaverse Continues to Lose Money and Meta Shares Plunge 20%
Meta has reportedly suffered a loss of an estimated $9.4 billion over the development of the Facebook Metaverse. Based on ...
