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Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.
Facebook Parent Meta's Latest Gameplan to Boost Metaverse
After Meta Platforms (META) famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative in 2019, the company is back with an effort to influence digital policy for the metaverse. "The Hash" team discusses what this means for Meta's metaverse ambitions and future regulation.
Facebook Parent Meta Dips Toe Back Into Policy Circles to Boost Metaverse
Still haunted by its Libra debacle, the company offers a gentle nudge on how governments might pursue metaverse policies.
Meta Platforms Slashes Over 11,000 Jobs, 13% of Its Workforce
The job cuts come from across its businesses, including its apps and metaverse divisions.
Meta Misses Q3 Revenue Estimate for Metaverse Divison
Facebook's parent company Meta misses revenue estimate for its metaverse division in Q3. Eaglebrook Advisors' Joe Orsini says "it's company specific" and isn't a real headwind to the metaverse in general. Plus, his take on real applications of the metaverse.
Deepak Chopra on Mindfulness in the Metaverse
Seva.Love co-founder and wellness expert Deepak Chopra, along with Seva.Love Co-Founder and CEO Poonacha Machaiah, shares insights into launching "Chopraverse," a new platform that encourages a culture of wellbeing in the virtual world. Plus, reactions to Facebook parent Meta and celebrity crypto endorsements.
Aptos Is Not a Security: Anchorage General Counsel
Aptos token on the blockchain built by ex-Facebook staff as a continuation of Libra surged 36% over the weekend. Georgia Quinn of Anchorage Digital, the institutional custodian for Aptos Labs, discusses whether the token is a security.
Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns
Investment in the metaverse will remain an overhang on the stock, the report said.
Aptos Debuts Its Blockchain, Putting Millions in VC Dollars to the Test
The venture capital darling has been anticipated for months.
