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The Latest Breaking News from metaverse

Cathie Wood Calls The Bottom, Buterin Says Meta Will 'Misfire' On Metaverse, Musk Hits Back With Countersuit Plus 5 Key Stories You May Have Missed This Weekend

Here's a recap of a few major headlines that hit the wire over the weekend.

Benzinga

Pearson boss eyes NFT textbooks as next revenue stream

The CEO said the company has set up a team dedicating to working on the metaverse.

Evening Standard

Understanding The Challenges Plaguing The Metaverse And Navigating Through The Cacophony

Crypto enthusiasts and investors alike are going gung-ho about the Metaverse like it is the largest societal disruption that civilization has ever seen, even as the globe continues to deal with the COVID-19 pandemic's effects.

Benzinga

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read the most diverse news in one place.

Meta Faces A Long And Winding Road To Get Out Of A Muddy Morass

Meta stock has lost more than half its value since September highs as the company tries to reinvent into the metaverse.

Investors Business Daily

Meta Can't Buy V.R. Fitness Company, Must Make Its Own Competing App, Says FTC

Plus: A rebranded "Build Back Better," the two-party system creates "a disconnect between elites and non-elites," and more...

Reason

Newcastle LooseFest Metaverse offers unique opportunity to explore Town Moor festival site before weekend opening

Here's how festival-goers enter the Metaverse and see the whole LooseFest site in Newcastle - in 3D or VR - so that they can learn the layout in advance and explore what's on offer

Chronicle Live

Facebook's Meta Posts First-ever Revenue Drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

Asharq Al-Awsat

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Mark Zuckerberg Clings to His Big and Risky Bet

The metaverse is the future of social media giant Meta Platforms, says the billionaire. And yet...

The Street

Facebook's Meta posts first-ever revenue drop

San Francisco (AFP) - Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

AFP

Facebook's Meta reports first ever revenue drop

San Francisco (AFP) - Facebook-parent Meta on Wednesday reported that its quarterly revenue dropped year-over-year for the first time ever, as its profit plunged by more than a third.

AFP

Meta posts its first-ever quarterly revenue decline

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

Axios

Meta Stock Tumbles After First-Ever Revenue Decline, Q2 Earnings Miss, $2.8 Billion Reality Labs Loss

"We're putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta," said CEO Mark Zuckerberg.

The Street

US regulators move to block Meta virtual reality app deal

San Francisco (AFP) - US market regulators on Wednesday went to court in an effort to stop Facebook-owner Meta from buying virtual reality fitness app maker Within, a potential blow to the tech giant's metaverse ambitions.

AFP

Meta Quarterly Report Shows First-Ever Revenue Decline, Outlook A Miss

The Meta earnings report late Wednesday missed estimates on the top and bottom lines and showed its first year-over-year revenue decline.

Investors Business Daily

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Benzinga

The Metaverse Is Not the Future. It's Already Here.

By Eran Elhanani One day you won't be able to imagine a world without the metaverse, and that day is today.

Input

Gucci and Balenciaga owner enters the metaverse with KNXT project

So far, Kering’s project offers multiple digital drops to be tested by consumers online.

Benzinga

Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy

Key Takeaways: Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017 Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins By Ken Lo

Bangkok Post

A brighter future for Thailand's past

Every year brings Thailand a new buzz phrase that academics, officials and the news media chant like a mantra hoping that it will unlock a better future. Digital hub. Smart city. The metaverse.

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Input

Facebook pivots away from news after shoving it in our faces for years

Execs are chasing influencer and metaverse profits instead.

Los Angeles Times

Is Hollywood ready for the 3D internet? Big questions with 'Metaverse' author Matthew Ball

LOS ANGELES — Whether you like it or not, the metaverse is coming. Hollywood had better get ready.

The Hindu

Of metaverse weddings

The pandemic has given a full shake-up to the traditional ceremony

StockNews.com

Jump on the Metaverse Bandwagon With These 3 Stocks

Dubbed as the next big thing in the tech space, the metaverse’s immense growth prospects are driving tech giants to jump on the metaverse bandwagon. Therefore, it could be wise to invest in popular metaverse stocks Autodesk (ADSK), Microsoft (MSFT), and Rimini Street (RMNI). Read on….

Evening Standard

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

Input

Tommy Hilfiger’s NYFW show will be simultaneously digitized on Roblox

Tommy incorporates the metaverse after a three-year hiatus from New York Fashion Week.

Benzinga

Benzinga Before The Bell: Tesla's AI Exec Quits, Hyundai Unveils Ioniq 6 EV, Taiwan Semiconductor's Massive Q2 Profit Surge And Other Top Financial Stories Thursday, July 14

CNBC United Airlines, Pilots’ Union To Improve Agreement By Renegotiating

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People

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