Meta to test monthly subscription service priced at $11.99
By Juby Babu (Reuters) – Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a…
Instagram rolls out broadcast chat feature ‘Channels’
By Eva Mathews (Reuters) – Instagram, the social media platform owned by Meta Platforms Inc, is rolling out a broadcast chat feature called Channels, the company’s boss Mark Zuckerberg said…
Mass tech layoffs continue in 2023
Mass tech layoffs continue in 2023, and companies such as Amazon, Google, Microsoft, Twitter, and Meta have announced several cost-cutting measures for the coming months. Mass layoffs tend to take…
Meta stuns Street with lower costs, big buyback, upbeat sales
By Katie Paul and Nivedita Balu (Reuters) – Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO…
Meta acquires smart lens manufacturer Luxexcel
The move is following Metaverse’s strategies Meta has acquired Luxexcel, a Dutch company specializing in producing graduated lenses using 3D printing. Specifically, Luxexcel, led by CEO Fabio Esposito, focuses on producing…
What if the Metaverse has already failed?
Metaverse failed: The difficult reality of the Metaverse. In addition to the hostility of the financiers, Zuckerberg also has to face that of Meta’s users and staff. His right-hand man,…
Seattle public schools blame tech giants for social media harm in lawsuit
By Jyoti Narayan (Reuters) – Seattle’s public school district filed a lawsuit against Big Tech claiming that the companies were responsible for a worsening mental health crisis among students and…
Celebrate Christmas in the Metaverse with avatars and virtual gifts
Christmas is one of the most anticipated holidays, and technology is now letting us celebrate in the virtual world. In 2021, Facebook parent company Meta’s Oculus virtual reality app emerged…
Meta is building virtual world open to app makers
By Katie Paul Virtual world (Reuters) – Meta Platforms Inc boss Mark Zuckerberg defended his acquisition of a virtual reality fitness app to an antitrust judge on Tuesday, arguing that…
Metaverse? No, this is Second LifeZuck’s vision of the future is reminiscent of something very old
As is often the case in the world of consumer technology, Zuckerberg’s metaverse is nothing new. Instead, the CEO of the most talked-about social network in recent months has borrowed bits and…