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+28 +4
Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went
Meta's losses from its metaverse project continue mounting. The company says it's due to heavy spending on research, but it's light on the details.
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+24 +2
Meta’s New Quest Pro VR Headset Harvests Personal Data Right Off Your Face
In November 2021, Facebook announced it would delete face recognition data extracted from images of more than 1 billion people and stop offering to automatically tag people in photos and videos. Luke Stark, an assistant professor at Western University, in Canada, told WIRED at the time that he considered the policy change a PR tactic because the company’s VR push would likely lead to the expanded collection of physiological data and raise new privacy concerns.
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+17 +3
Mark Zuckerberg showed his full avatar, which now has legs, in real-time for the first time after Meta was slammed for poor graphics
Adding legs to the new avatars was "probably the most requested feature on our roadmap," Meta CEO Mark Zuckerberg said at the Connect conference.
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+20 +2
Meta's Journey to Innovation: Zuckerberg's Big Bet on the Metaverse
Meta has tried and failed at imitating successful tech platforms like Substack and Clubhouse, would Mark Zuckerberg’s bet on the metaverse finally be his next success story?
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+24 +3
Meta warns as many as one million Facebook users that their logins may have been compromised
Researchers found that more than 400 malicious apps were designed to steal personal data.
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+11 +1
Meta sued for allegedly secretly tracking iPhone users
Ad goliath reckons complaint is meritless – but it would, wouldn't it?
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+8 +3
Report: Even Facebook Isn't Using Its Own Metaverse, Begs Employees To Spend Time In It
According to a report by The Verge, Meta’s Horizon Worlds metaverse app is so dreadful, even the people making it don’t want to use it. So if you woke up this morning wondering, “I wonder if anyone’s figured out what the metaverse is for?” you can rest assured, it’s still nope.
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+22 +2
This Is Life in the Metaverse
Every hour of the day and night with the gamers, parents, insomniacs, preteens and aspiring comedians who are the earliest adopters of the immersive, three-dimensional internet that Mark Zuckerberg has bet the future of his company on.
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+26 +3
Supreme Court will take up a case challenging legal immunity for tech sites like Facebook, Twitter, and Google
Former President Trump and Republicans railed against the Section 230 protections, which shield tech companies from lawsuits for user-created content.
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+24 +4
Facebook scrambles to escape stock's death spiral as users flee, sales drop
A year ago, before Facebook had turned Meta, the social media company was sporting a market cap of $1 trillion, putting it in rarefied territory with a handful of U.S. technology giants. Today the view looks much different. Meta has lost about two-thirds of its value since peaking in September 2021. The stock is trading at its lowest since January 2019 and is about to close out its third straight quarter of double-digit percentage losses. Only four stocks in the S&P 500 are having a worse year.
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+26 +3
Facebook busts Chinese influence network targeting Americans on abortion and guns ahead of midterms
Meta removed a Chinese influence network that attempted to inflame political tensions on Facebook, Instagram and Twitter ahead of the midterm elections.
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+22 +5
Mark Zuckerberg Is No Longer One Of The 10 Richest Americans
The Facebook CEO has lost more than half his fortune since last year.
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+26 +3
Zuckerberg's bet on the metaverse is a Putinesque delusion that may lead to Meta's downfall
Just like Putin, Zuckerberg went all-in on something that he wasn’t really ready to handle, putting everything else in jeopardy as a result.
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+22 +3
Facebook users sue Meta, accusing the company of tracking on iOS through a loophole
In a new lawsuit, Facebook users accuse Meta of tracking them through an in-app browser in spite of Apple's iOS privacy changes.
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+19 +3
How Mark Zuckerberg Just Lost Over Half Of His Wealth
With costs rising, wages stagnant, and global uncertainty delaying any strong recoveries, people are having a rough time financially at the moment. In the world of the financial elite, where billions are made and lost from day to day, some people are feeling the sting, too. Mark Zuckerberg, one of the better-known billionaires and a regular on the top 10 list of the world's richest, has managed to lose half of his net worth since the first of January. While you're unlikely to see Zuckerberg skipping a mortgage payment or lining up at a food bank, he is still an astonishing $70 billion down since December 2021.
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+18 +2
Meta has to pay walkie-talkie app $174 million for infringing on its patents, jury says
Walkie-talkie app Voxer accused Meta in 2020 of infringing its patents of communications tech, and a jury ruled in Voxer's favor on Wednesday.
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+21 +3
Meta Sued Over Tracking iPhone Users Despite Apple's Privacy Features
Meta is facing a new proposed class action lawsuit that accuses it of tracking and collecting the personal data of iPhone users, despite features and policies made by Apple which are meant to stop that same type of tracking.
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+18 +1
Mark Zuckerberg has lost $70 billion in net worth, bumping him down to 20th richest person in the world
Meta CEO Mark Zuckerberg's net worth has dropped by 55% so far this year, Bloomberg estimates show. But he's still worth $55.3 billion.
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+16 +4
Facebook Bans Holocaust Film for Violating Race Policy
The filmmakers behind ‘Beautiful Blue Eyes,’ which marks Roy Scheider’s final performance, cannot advertise or promote the movie because the title breaches its policy
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+25 +1
Meta Disbands Team Studying Potential Negative Impacts of Facebook, Instagram
Facebook parent company Meta has reportedly disbanded an internal team dedicated to studying the potential negative impacts of the company's products, including Facebook and Instagram. Around 20 engineers, ethicists and others made up the Responsible Innovation team, as it was called, which until now had assessed potential concerns about new products and changes to Facebook and Instagram, according to The Wall Street Journal on Thursday.
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