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+27 +1
Meta slammed with lawsuits claiming social media hurts kids
Facebook and Instagram's parent biz, Meta, was hit with not one, not two, but eight different lawsuits accusing its social media algorithm of causing real harm to young users across the US. The complaints filed over the last week claim Meta's social media platforms have been designed to be dangerously addictive, driving children and teenagers to view content that increases the risk of eating disorders, suicide, depression, and sleep disorders.
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+24 +1
Facebook whistleblower Frances Haugen says Meta can't recover until Mark Zuckerberg steps down: report
Facebook whistleblower Frances Haugen said the social media giant won't be able to recover until Mark Zuckerberg steps down as chief executive. In an interview with Bloomberg, she spoke about what compelled her to go public after she left the company in May 2021.
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+14 +1
Meta tells employees to stop discussing abortion at work
A Meta executive told employees on Thursday that they are prohibited from talking about abortion on Workplace, an internal version of Facebook, citing “an increased risk” that the company is seen as a “hostile work environment.”
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+22 +1
Meta sued in Kenya over claims of exploitation and union busting
A suit was earlier today filed against American social-media giant Meta and Sama, its main subcontractor for content moderation in Africa, over claims of exploitation and union busting.
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+21 +1
Meta’s VR roadmap reportedly has four new headsets, with both high-end and cheaper Quest units
Last month we took a deep dive into Mark Zuckerberg’s grand metaverse plan, and some of the hardware Meta is working on to deliver it, in the form of Project Nazare augmented reality glasses. Now The Information reports on a roadmap for virtual reality hardware that runs through 2024 with four headsets on the schedule, starting with the previously-teased Project Cambria VR headset we expect to see later this year.
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+20 +1
Snap CEO Evan Spiegel thinks the metaverse is ‘ambiguous and hypothetical’
Snap isn’t the only social media company with smart glasses and an expanding hardware portfolio, but what’s separating its approach from Meta? While announcing Pixy, a $229 drone that takes off from your hand to capture selfies, Snap CEO Evan Spiegel spent some time explaining his decision to focus on experiences built for the real world instead of the virtual metaverse.
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+19 +1
Meta is opening its first retail store next month
On the Meta campus in Burlingame, California.
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+17 +1
Why Mark Zuckerberg is fixated on creating AR’s ‘iPhone moment’
You thought Facebook was powerful? To Meta’s CEO, the fact that his products have usually sat on platforms he didn’t control has long been a frustration.
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+18 +1
Thinking about creating in the Metaverse? Facebook will take nearly half your revenue
Facebook parent Meta Platforms will charge creators around 47.5 percent on sales of digital assets and experiences made inside the company's virtual reality platform Horizon Worlds.
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+22 +1
Meta's sleek AR glasses seem set for 2024 launch
Meta’s first fully AR-ready smart glasses might arrive in 2024, opening the hardware floodgates for users to engage with CEO Mark Zuckerberg’s lofty metaverse experiences. According to a report from tech publication The Verge, Meta’s high-end AR smart glasses code-named Project Nazare will make their debut in the next couple of years. And it appears that the company is leaving no stones unturned as it attempts to deliver the best experience possible.
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+23 +1
Meta spent a record $27 million on Mark Zuckerberg's security and private jet travel in 2021
It's an expensive job keeping Mark Zuckerberg safe. Meta spent a record $26.8 million on security and private jets for Zuckerberg and his family in 2021, according to a company filing with the Securities and Exchange Commission (SEC). That's up from $25 million in 2020 and $23 million in 2019.
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+18 +1
Zuckerberg’s Metaverse should scare you
Mark Zuckerberg’s Metaverse will be full of opportunity, and entrepreneurs are already finding ways to financially benefit from it. But it comes with significant risk. And the risks associated with this new technology should scare you.
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+18 +1
Eye-Tracking Tech Is Another Reason the Metaverse Will Suck
Researchers are building new ways to track and analyze your every glance—and big tech platforms like Facebook are already looking to make their own.
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+24 +1
Meta Is Making a Monster AI Supercomputer for the Metaverse
Meta is building a new supercomputer to train enormous machine learning algorithms. Though only partially complete, the AI Research Supercluster (RSC) already ranks among the most powerful machines on the planet. When it’s finished, the company formerly known as Facebook says it will be the fastest AI supercomputer anywhere.
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+30 +1
What is the metaverse? A deep dive into the ‘future of the internet’
The metaverse is a future evolution of the Internet based on shared, persistent virtual worlds in which people interact as 3D avatars. Blockchain technology can form the backbone of the metaverse, with interoperable NFT assets that can be used in different spaces of the metaverse.
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+19 +1
Meta, formerly Facebook, is no longer one of the world's top 10 most-valuable companies
After its stock rout this year, Meta is no longer one of the world's 10 most-valuable companies. Meta's share price is down about 40% year-to-date after the company reported two weeks ago that Facebook's daily active user base shrank for the first time ever. The social media platform lost about one million users from the third quarter to the fourth quarter of 2021.
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+20 +1
Zuckerberg Has Burned $500 Billion Turning Facebook to Meta
The social-media Goliath has fallen out of the top-ten largest companies in the world by market capitalization.
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+20 +1
Why Facebook's metaverse is destined to be the biggest flop in tech history
Zuckerberg is betting the future of his business on something that doesn't really exist.
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+23 +1
Read Mark Zuckerberg's 6 new corporate values for Facebook's Meta rebrand
On Tuesday, Meta CEO Mark Zuckerberg made an update to the company’s longstanding corporate values that Zuckerberg first penned in 2007 when the company he founded still called itself Facebook.
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+13 +1
Rising popularity of VR headsets sparks 31% rise in insurance claims
A man landing an upper-cut on the ceiling fan, a woman slamming into furniture, a guy smashing through a lighting fixture: gamers are learning, virtual reality headsets can often cause havoc at home.
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