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The Latest Breaking News from Meta

Elon Musk Bids Farewell to the Metaverse

The CEO of Tesla compared what was presented as the next big thing in tech a year ago to a disease that had infected the world.

The Street

US says China can spy with TikTok. It spies on world with Google

Lawmakers’ push to ban app comes as they mull extending powers that force tech firms to enable mass snooping for the US.

Al Jazeera

Dow Jones Futures Rise: Micron Comments Lift Chips; LULU Stock Jumps On Earnings

Futures: Micron's bullish comments lifted chip stocks, while Lululemon soared on earnings and guidance.

Investors Business Daily

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Nvidia Stock: Buy the Dip? Check the Chart First

Nvidia stock looks set to decline for its third straight session. Is that enough of a dip to buy?

The Street

Meta lowers bonuses and increases the number of annual reviews as its 'Year of Efficiency' rolls forward

Cost-cutting continues.

Fortune

Disney joins Microsoft and Snapchat as latest big-name company to slink away from metaverse ambitions

Companies are moving away from the nascent industry as regulators increasingly scrutinize crypto and the buzz around A.I. rises.

Fortune

Mixed reality on the Quest 3 is an exciting novelty, but not its future

Meta encouraged VR developers to move further into the MR space at GDC 2023. While the tech they showed off was impressive, I still think the Quest 3's biggest draw is its improved VR performance, not its MR games.

Android Central

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Dow Jones Reverses After Key Economic Data; Warren Buffett Stock Jumps On Upgrade

The Dow Jones reversed higher Tuesday amid key economic data. Warren Buffett stock Occidental Petroleum jumped on an analyst upgrade.

Investors Business Daily

Social media's new pay-for-play rules

Twitter's Elon Musk says only paying subscribers' messages will be featured in the service's main feed.

Axios

MP pushes to make it easier to take down crime videos on Instagram, TikTok

Helen Bell says she was greeted with videos of young criminals hooning when she went to watch dance videos on TikTok.

ABC News

Dow Jones Futures: Bitcoin, Tesla In Focus After First Citizens Deal Sparks Mixed Stock Market Reaction

Dow Jones futures: Bitcoin and Tesla were in focus after the First Citizens-Silicon Valley Bank deal sparked a mixed stock market reaction.

Investors Business Daily

Why Google, Amazon and Meta Are Damaging Their Flagship Products

It seems that a priority other than making products better has ascended.

The Street

Shipping container scams on the rise, as ACCC calls on providers like Facebook to act

Kim Ellison had a simple plan for retirement — to get away from the city, somewhere not too expensive but with enough room for family to stay. Scammers got in the way.

ABC News

Meta slammed over scam ads on Facebook featuring Australian TV personalities

TV networks Seven, Nine and Ten tell Senate inquiry that fake news stories and crypto scam ads featuring stars like David Koch and Karl Stefanovic are causing harm to consumers

The Guardian - AU

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The Independent UK

AOC goes viral in first TikTok video – speaking out against the ban of TikTok

‘Do I believe TikTok should be banned? No,’ progressive lawmaker says

TechRadar

Wix and Meta are giving your business a centralized hub for customer interactions

New integration offers central hub for businesses to manage all their social customer interactions with their website.

Investors Business Daily

Dow Jones Rallies 300 Points On Silicon Valley Bank Purchase; First Republic Soars 31%

The Dow Jones rose 250 points Monday, as First Citizens bought FDIC-controlled Silicon Valley Bank. First Republic Bank soared 30%

Android Central

Pico can’t let TikTok stop its US launch

Recent history has shown us that consumers care about the product more than the company behind it, so why is Pico waiting to launch its Quest competitor in the U.S.?

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Dynamite News

Meta introduces new WhatsApp app for windows

Meta has come up with a new WhatsApp app for Windows that is similar to the mobile version of the app: With the latest update, WhatsApp desktop users can start voice calls with up to 32 people and 8 video calls. Read further on Dynamite News:

Financial Times

The teen mental health crisis: a reckoning for Big Tech

A growing body of evidence links a rise in depression in children to social media use. Will it lead to more regulation?

The Independent UK

Former Meta recruiter claims she got paid $190,000 a year to do ‘nothing’ amid company’s layoffs

‘We weren’t expected to hire anybody for the first six months, even the first year’

TechRadar

Sorry Apple, here's why I'm convinced your VR headset will be a high-profile flop

Despite rumors suggesting Apple's making a phenomenal VR headset, I expect it'll flop harder than the HomePod and Newton.

Inverse

Social Media Is Getting in the Way of Good, Honest VR

Pico, a possible VR competitor to Meta, reportedly delayed a U.S. launch because of its connection to TikTok.

ABC News

Failing banks and mass layoffs: Is the 15-year tech boom finally over? What went wrong?

The 15-year tech boom has ended with rounds of mass layoffs and a recent series of high-profile bank collapses. So what went wrong and will Silicon Valley ever be the same?

Investors Business Daily

Stock Market Split As Fed Hikes Rates, Banks Keep Tumbling; Nvidia, On Holding In Focus: Weekly Review

The stock market showed volatile, divergent action as a handful of megacaps propped up the Nasdaq while banks kept tumbling.

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Alexandria OcasioCortez

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