META
Google Sues Unknown Entities for Malware Scheme Disguised as AI Chatbot Bard
Google is suing individuals for a malware distribution scam involving false AI chatbot ads, aiming to protect users and intellectual property amid growing digital security challenges.
Meta Files for Debt Shelf Offerings
Meta, the parent company of Facebook, Instagram, and WhatsApp, has filed for new debt shelf offerings with the United States Securities and Exchange Commission (SEC). The company has not disclosed the exact amount of debt securities being offered, but it plans to issue a new prospectus supplement each time a debt security is sold.
Trump NFTs Generate Over $1.2M in Trading Volume
Former US President Donald Trump's digital non-fungible token (NFT) trading cards were launched on Polygon, with 38,001 minted at $99 each. The collection generated over $1.2 million in trading volume, with a 10% creator fee generating over $100,000. The initial subscription also generated $3.76 million in revenue. Meanwhile, Big Tech firm Meta has allowed teens to use its virtual reality app Horizon Worlds, and Nike launched its first NFT collection through its Web3 community platform. The Smurfs are also set to launch a new collection of NFTs on The Smurfs' Society.
Safety Groups Urge Meta to Halt Minors from Joining Metaverse
Safety groups have written a letter to Mark Zuckerberg’s Meta, asking the social media giant to cancel its plan of allowing teenagers and young adults to join its metaverse app, Horizon Worlds. The groups argued that minors would face potential risks, including harassment and privacy violations on the virtual reality app.
Meta Urged to Halt Metaverse App for Minors
Advocacy groups, including Airplay and Common Sense Media, have written to Meta CEO Mark Zuckerberg calling for the company to halt its plans to allow minors onto its metaverse app, Horizon Worlds. They argue that Meta must first assess the potential risks of allowing youth on the app, citing concerns around harassment and privacy violations.
Meta's Virtual Reality Programmers Earn $1 Million
Meta’s virtual reality programmers earn up to $1 million, according to anonymous sources. Despite significant losses in its metaverse-building division, the company's CEO, Mark Zuckerberg, is committed to its long-term vision.
Meta offers lucrative pay packages for metaverse developers
Facebook's parent company, Meta, is offering its metaverse developers salaries ranging from $600,000 to almost $1 million, despite billions in losses for its virtual reality suite. CEO Mark Zuckerberg remains committed to Meta's long-term vision of the metaverse, even after the division responsible for its development recorded its largest yearly loss of $13.7 billion.
Bitcoin's Market Cap Surpasses Meta's Despite Turbulent Week for Crypto
Bitcoin's market cap has surpassed that of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon Valley Bank and Signature Bank. Bitcoin's market cap has risen 9.7% in the past 24 hours, sitting at $471.86 billion and ranking it 11th among top assets by market cap.
Meta to Launch Text-Based Content App Supporting Decentralized Social Networking
Meta, the parent company of Facebook and Instagram, is reportedly creating a new text-based content app called P92 that will support ActivityPub, the decentralized social networking protocol used by Mastodon and other decentralized apps. The app will enable users to log in with their existing Instagram credentials, and it will populate users' profiles with their Instagram account details. The app's initial version will include tappable links in posts with previews, user bios, usernames, verification badges, images, and videos that can be shared, as well as followers and likes.
The Metaverse: The Future of Social Life?
In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.
Coinbase Says Goodbye to Over 60 Employees
Crypto exchange Coinbase Global Inc has announced a fresh job cut of over 60 from its recruiting and institutional onboarding teams.
Instagram to Run Polygon-backed NFT Marketplace
Meta has announced that social media giant Instagram will be introducing an NFTs marketplace that will run with the support of Polygon.
Open Metaverse Alliance Starts Operations, Challenges Meta On the Future of Internet
OMA3 has established working groups to start developing standards between metaverse platforms
FTX CEO Breaks Down Zuckerberg's Intent To Invest $10B/Year Into Meta
FTX CEO Sam Bankman-Fried on Saturday took to Twitter to break down the reason behind Zuckerberg rebranding his company Facebook to Meta and his intent to pump $10 billion every year into Meta.
Meta's Metaverse Division Reports 3rd Quarter Loss of Over $3.7B
Meta's Facebook Reality Labs division has reported a third-quarter loss of over $3.7 billion, making only $285 million, according to its earnings report released on Wednesday.