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Meta
Report: Facebook Shifting Away From News, Betting Big on Creator Economy
Facebook is scaling back from its news tab and bulletin newsletter platform as the social media giant focuses more on the creator economy, according to a Wall Street Journal report. "The Hash" panel hosts discuss what this suggests about the future of Meta and online news.
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.
Aptos Labs Raises $150M in Funding Round Led by FTX Ventures
Aptos Labs, a layer 1 blockchain from Meta Platforms’ former employees, has raised $150 million in a Series A funding round led by FTX Ventures and Jump Crypto. “The Hash” panel discusses what this means for the fate of Diem and whether the Facebook-funded project could come back to life.
Tech Giants Create Metaverse Standards Forum for Software and Terminology Standards
Some of the biggest names in gaming and software, including Meta and Microsoft, are coming together to build the infrastructure for an interoperable metaverse. “The Hash” hosts discuss the industry implications, potential outcomes and at least one major tech player who’s missing from this group.
Crypto Bounces After Fed Hike; Three Arrows Insolvency Concerns
Crypto markets react positively to the Federal Reserve’s largest hike since 1994, but longer term concerns remain. Singapore-founded Three Arrows Capital is in hot water over liquidation concerns, Coinbase lays out plans for development in India despite global job cuts, and Yahoo and Meta will use Hong Kong as a metaverse test bed.
Neal Stephenson on Meta's Metaverse Plans: It's a Free Competition
"Snow Crash" author Neal Stephenson says he's "suspicious" of any commercial projects where it's not clear how money is made. Plus, his takes on Meta's metaverse plans.
Instagram’s Move into NFTs: What We Know About Mark Zuckerberg’s Test
Meta (FB) CEO Mark Zuckerberg said that Instagram will begin testing non-fungible token (NFT) integrations this week, with an initial focus on Ethereum-based assets. “The Hash” panel discusses Meta’s plans for augmented reality NFTs with their Spark AR software and potential clashes between Web 2 and Web 3 cultures.
Meta Exploring Non-Blockchain-Based Virtual Currency: Report
The company’s plans for NFT features on Facebook and Instagram also continue to advance.
Facebook Owner Meta Sued by Australian Consumer Watchdog for Scam Crypto Ads
The Australian Competition and Consumer Commission says Facebook and Instagram linked fake media articles linking crypto deals to unknowing celebrities.
