Meta Falls 15% on Weak Outlook and High AI, Metaverse Spending
Meta (META) shares dip 15% in after-hours trading as plans to boost AI spending and sustained metaverse losses coincide with a dim revenue outlook. In after-hours trading, Meta (META) shares fell 15% following the company’s announcement that it will “substantially” increase expenditure on artificial intelligence. At the same time, its metaverse division will continue to […]
Meta Announces Launch of VR Quest Devices For Education
Social media giant Meta announced on April 15 that it will supply enterprise-level Quest services dedicated to education. According to Statista, the Quest virtual reality (VR) headsets manufactured by the company have emerged as the preeminent extended reality (XR) headsets available in the market. By the conclusion of 2024, it is anticipated that the installed […]
Meta Teams Up with Google to Allow Bitcoin ETF Ads on Facebook
Amid regulatory clarity, prominent social media platforms such as Meta are actively investigating opportunities for crypto advertising. Prominent technology companies have begun to enter the cryptocurrency market, as evidenced by the substantial inflows into well-regulated products such as Bitcoin ETFs over the past two weeks. With the launch of Bitcoin ETF advertisements on Google Search […]
Maxine Waters Questions Meta on Crypto Trademarks
Meta’s intentions regarding digital currencies are called into doubt by Maxine Waters in light of their filing of five new crypto trademarks. The oversight of Meta Platforms, formerly referred to as Facebook, is currently being conducted by the Chair of the House Financial Services Committee, Congresswoman Maxine Waters. Meta is covertly expanding its presence in […]
IBM, Meta, Others Form AI Development Platform ‘AI Alliance’
Artificial intelligence (AI) technology frontrunners led by IBM and Meta have formed an organization known as AI Alliance, it comprises more than 50 tech companies and aims to emphasize a commitment to safety, collaboration, diversity, economic opportunity, and universal benefits. These organizations prioritize collaboration over competition, emphasizing their dedication to promoting transparent innovation and responsible […]