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The Latest Breaking News from Mark Zuckerberg

Meta posts its first-ever quarterly revenue decline

The company faces competition, regulation and the cost of its metaverse pivot.

Axios

FTC acts to block Meta from buying VR company, fitness app

Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural

The Independent UK

Facebook is making radical changes to keep up with TikTok

Facebook is overhauling its flagship app and Instagram to be more like the video platform that's so popular with Gen Z. Some people, like Kim Kardashian and Kylie Jenner, say it's trying too hard.

WEKU

From analysis to the latest developments in health,
read the most diverse news in one place.

‘Stop trying to be TikTok’: user backlash over Instagram changes

Updates to copy features of arch-rival leave some users struggling to find friends and family content

The Guardian - UK

Lanarkshire software specialist teams up with booming virtual reality gaming firm

Eureka Solutions, which is based in Peel Park, employs 72 people in the field of business accountancy software.

Daily Record

Paddy Pimblett has Twitter account suspended hours before UFC London fight

Pimblett returns to the cage tonight but his outspoken views appear to have landed him in trouble with the social media giant

Daily Mirror

Instagram's pivot to Reels tanked general engagement, study shows

Average Instagram engagement has decreased by about 44 percent since 2019.

Input

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Facebook to allow 'most recent' posts from friends as homepage gets new look on mobiles

Founder Mark Zuckerberg said the Home and Feeds tabs on its mobile app would enable users to "customise and control" their experience

Wales Online

Mark Zuckerberg to face deposition over Cambridge Analytica scandal

The Meta CEO, and former COO Sheryl Sandberg will be questioned as part of a lawsuit filed on behalf of Facebook users in California

The Guardian - US

Tech company earnings reports expected to bring a flush of bad news

Some US firms have announced hiring slowdowns and layoffs in recent weeks amid fears of recession

The Guardian - US

Will everyone be welcome in the metaverse?

Meta must prove it’s built the right protections for users if the metaverse is to be an inclusive space

Evening Standard

Top 10 Celebrity Crypto Fails

This article was originally published on Investingoal and appears here with permission. Crypto has exploded over the past few years with people making massive returns on investment by investing in assets like Bitcoin and Ethereum as well as digital art projects or NFTs.

Benzinga

Klobuchar, Warren press Meta on "censoring" of abortion posts

The senators' inquiry kicks off an expected barrage of challenges for tech platforms over abortion content.

Axios

Is The Sun Setting On The Glory Years For Facebook And Meta Stock?

Mark Zuckerberg has kept Meta stock, formerly Facebook, on an upward trajectory for years. All that is over now. Here's why.

Investors Business Daily

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Roll Call

Trump-backed Masters wants to join Senate ‘America First Caucus’

From investigating Fauci and Zuckerberg to battling McConnell and Biden, Arizona GOP Senate candidate Blake Masters has plans if he wins.

Evening Standard

Facebook owner Meta enhances language translation AI

It comes after Meta was accused of failing to moderate harmful content in different languages

The Guardian - UK

UK could force messaging apps to adopt new technology to tackle abuse images

Home secretary says new powers to require tech firms to remove encrypted abuse material would bring privacy and security

Bangkok Post

Top billionaires $1.4 trillion poorer

Elon Musk’s fortune plunged almost US$62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.

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Benzinga

Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

Benzinga

Facebook Parent Meta Testing NFTs With Some Creators In The US: Report

Meta Platforms Inc (NASDAQ: META) is reportedly testing digital collectibles on Facebook with select creators across the United States.

Benzinga

Facebook Parent Meta Cuts Hiring Plans As Mark Zuckerberg Flags 'Worst Downturn In Recent History:' Report

Meta Platforms Inc (NASDAQ: META) CEO Mark Zuckerberg has reportedly asked his employees to brace for one of the worst economic downturns in recent history.

Inverse

You need to watch David Fincher's most important techno-thriller before it leaves Netflix this week

In 2010, 'The Social Network' arrived at just the right time, revealing how social media got here and where it was headed.

ABC News

The ABC is turning 90. Here are five big trends that will shape its next decade

As the ABC's Innovation Lab hosts the first of a series of media industry symposiums in Sydney this week, Paul Donoughue gives an insight into how content, platforms and audience demands might change in the next decade.

Benzinga

How Significant Is Instagram's NFT Launch? What are the things you should look out for?

Earlier this month the head of Instagram, Adam Mosseri, announced that he will start beta testing NFT functions with a small group of users in the US. Mosseri also confirmed there will be no fees for posting or sharing NFTs on Instagram.

Reason

The Metaverse Is Already Here

How is virtual reality remaking our world?

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