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Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. "The Hash" panel discusses the tech giant's Q2 earnings report and an outlook into the future of metaverse.
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.
The Meta-Dilemma
Frances Haugen, Former Facebook Product Manager, joins Filecoin Foundation's President and Chair Marta Belcher at Consensus 2022 to discuss the lessons from Web2 giants prioritizing their own profits over public safety, and how Web3 could do better.
Web3 Startup Mysten Labs Aiming for $2B Valuation in Latest Funding: Report
FTX Ventures is reportedly leading this round for Mysten, which was founded by former Meta (Facebook) executives.
Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report
New fintech head Stephane Kasriel said the company's plans to bring NFTs to its users have not changed "in any way."
Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
Three years into its stablecoin gambit, Meta’s final Libra dinosaur is going out the door.
Meta comienza las pruebas de integración de NFTs en Facebook
Las pruebas con tokens no fungibles en Facebook le siguen a una serie de integraciones piloto en Instagram que tuvieron lugar en mayo.
Meta Begins Testing NFT Integration on Facebook
The testing of NFTs on Facebook follows a series of pilot integrations on Instagram in May.
Aptos Revealed as PayPal Ventures’ First Layer 1 Investment
Aptos Labs announced a $200 million funding round in March and has now revealed that the venture arm of the payments giant was among the backers.
