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The Latest Breaking News from metaverse

Meta Fined $275 Million in Irish Data Leak Case

Irish data regulators have fined Facebook's parent company a total of nearly $1 billion related to data breaches.

The Street

30 years later, Nintendo's weirdest hardware flop could finally catch on

After decades of little progress, VR gloves could be making a comeback and enriching the Metaverse.

Inverse

Nike the latest fashion icon to step into the metaverse with new virtual trading platform

Nike has announced its new .Swoosh online platform, where users will be able to "collect, trade, and flex" virtual Nike products.

The New Daily

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

'Metaverse' could be word of the year, Johnnie Walker launches an NFT, and Mattel creates an NFT marketplace

"Metaverse" is competing against two other terms for the Oxford English Dictionary's word of the year, plus NFT news from Johnnie Walker and Mattel.

Fortune

Meta pushes back on ‘false’ report that Zuckerberg is planning to step down as CEO

The Leak, citing an anonymous source, claimed that Zuckerberg would depart in 2023 because of the company’s recent losses.

Fortune

Saudi Arabia Prepares to Host the WTTC Global Summit

Saudi Arabia announced on Tuesday that it will host, for the first time, the 22nd edition of the World Travel & Tourism Council (WTTC) Global Summit, which will be attended by a prestigious gathering of tourism leaders. The event will feature a metaverse experience created for potential investors to explore…

Asharq Al-Awsat

Even the metaverse has a lack of women in leadership roles

Fortune

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Don't Worry Darling reveals the limits of a major tech trend

Is the Metaverse possible? Maybe, if Don't Worry Darling is a sign of our future.

Inverse

Meta upbeat on 5-10 year outlook

The metaverse is expected to gain momentum in the mass market in 5-10 years, while various emerging technologies require regulation in a responsible manner without undermining the innovative power of technology, according global tech powerhouses Meta and Amazon Web Services (AWS).

Bangkok Post

This week in the metaverse: Best year yet for Web3 trademark filings, Cristiano Ronaldo NFTs, and 'the world's first digital nation'

While metaverse-related trademark filings were unheard of just a few years ago, trademark attorney Mike Kondoudis told Fortune it is now an essential part of many companies's strategies.

Fortune

New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings

Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...

Reason

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News

A tiny country threatened by rising sea levels is uploading itself into the metaverse to guarantee its existence

“As our land disappears, we have no choice but to become the world’s first digital nation,” Tuvalu Foreign Minister Simon Kofe told the COP27 climate summit.

Fortune

Tuvalu turns to the metaverse as rising seas threaten existence

Tuvalu said on Tuesday it plans to build a digital version of itself, replicating islands and landmarks and preserving its history and culture as rising sea levels threaten to submerge the tiny Pacific island nation.

Reuters

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Benzinga

Yuga Labs Acquires Beeple-Founded 10KTF And WENEW, Adds Artist To Advisor Role: What It Could Mean For The Future

A leading non-fungible token and Web3 company announced an acquisition Monday that could help power its ambitions for the metaverse.

Benzinga

Bulls And Bears Of The Week: Why Coinbase And FTX Are So Different, Diving Into Zuckerberg's Metaverse And More

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Fortune

This week in the metaverse: NFT prices, Capital One trademarks, and Wrangler's NFT-themed apparel

NFT collections are so far resisting headwinds from the collapse of the FTX and Binance acquisition deal after prices fell steeply in the immediate aftermath.

Benzinga

Zuckerberg Will Continue To Pour Money Into The Metaverse — But Where's The 'Magic' In The Company's Metaverse Products Today?

Meta Platforms (NASDAQ: META) has seen better days.

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news in one place.

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Evening Standard

Dressing for the metaverse: luxury has entered cyberspace...

Luxury fashion is going virtual at a dizzying pace — and for the sake of our planet and economies, it could be a blessing. Amy Francombe investigates

The Guardian - UK

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

Crikey

Mark Zuckerberg’s Meta layoffs are the cost of his big metaverse gamble

The company founder said he takes responsibility for the decision to lay off 11,000 staff. That’s not much of a concession.

Benzinga

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

Evening Standard

Crypto is in trouble, but the technology behind it is getting more useful

As new buzzwords like ‘metaverse’ take over the internet, consumer trends expert Matt Hay on why its less sexy counterpart will probably outlast them all

The Street

Meta To Slash 11,000 Jobs In First Big Downsizing At Facebook Parent As Metaverse Losses Mount

"I want to take accountability for these decisions and for how we got here," said CEO Mark Zuckerberg.

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