Meta reallocates funds from the metaverse to AI glasses due to budget changes.
Meta is reducing its ambitions for the Metaverse and shifting its focus towards AI-powered glasses and wearable tech, as announced to FOX Business on Thursday. This pivot comes after reports suggesting that Meta might impose a significant 30% cut from its Metaverse Group, which had previously been highlighted by CEO Mark Zuckerberg as a cornerstone […]
Meta Begins Removing Australian Kids from Instagram and Facebook
Meta Begins Deactivating Accounts of Australian Users Under 16 On Thursday, Meta announced that it had started the process of deactivating Instagram and Facebook accounts for Australian users under the age of 16, as part of new regulations aimed at social media usage in the country. A new law in Australia, effective December 10, 2024, […]
Disney fans upset about plans for guests to wear Meta sunglasses at the park
Disney Plans to Reduce Screen Time in Parks Disney executives are envisioning a shift away from technology during park visits. They believe that guests should experience the magic of amusement parks in a more immersive way. Some critics refer to this reliance on tech as a “social tumor.” Bruce Vaughn, president of Walt Disney Imagineering, […]
Market Update – S&P 500 at 6,735, Nasdaq at 23,024, and Dow at 46,358 Stabilize; AI Stocks NVDA, META, GOOGL Follow Different Paths
Stock Market Today – Wall Street retreats from record as investors book profits U.S. stocks began December 2025 on a somewhat shaky note, following an impressive rally. The S&P 500 ended at 6,735.11, down 0.28%, while the Nasdaq Composite dipped 0.08% to 23,024.62. The Dow Jones Industrial Average fell 0.52% to 46,358.42. This decline followed […]
Nvidia stock drops 4% after news that Meta is negotiating to invest billions in Google chips
Shares of Nvidia, a prominent chip manufacturer, dropped around 4% on Tuesday following reports that Meta Inc. is negotiating a significant investment in chips from Google Inc., its competitor. Meta, known for platforms like Facebook, Instagram, and WhatsApp, could spend billions to utilize Google’s tensor processing units (TPUs) in its data centers by 2027, according […]
Meta (META) Stock Rises, Here’s Why
Shares of Meta Platforms saw a 3.5% increase in afternoon trading, driven by renewed interest in Alphabet, which has sparked excitement in the artificial intelligence sector and triggered a market rally right before the Thanksgiving holiday. The Nasdaq index climbed by 2.6%, while the S&P 500 rose by 1.6%. Alphabet led the way with a […]
A former employee claims Meta had a 17-strike rule for sex traffickers.
Concerns on Social Media Platforms’ Handling of Human Trafficking The former safety chief of one of Mark Zuckerberg’s social media platforms has raised issues regarding the company’s approach to human trafficking cases. This claim emerged from a plaintiff’s brief tied to a lawsuit involving Instagram, Snapchat, TikTok, and YouTube. The lawsuit was initiated in the […]
Meta, led by Mark Zuckerberg, halted internal studies indicating that social media may be harmful to users.
Meta, the company behind Facebook and Instagram, has stopped an internal study that suggested users who ceased using its platforms experienced reduced levels of depression and anxiety, as revealed in recent legal filings. According to documents filed in the U.S. District Court for the Northern District of California, Meta had been conducting a research project […]
Meta workers likened themselves to drug dealers while the company downplayed mental health risks for children.
Meta Accused of Concealing Instagram’s Impact on Children’s Mental Health Recent court documents released in California reveal that Meta researchers referred to Instagram as a “drug” and allegedly suppressed data indicating that the platform harms children’s mental health. These concerning claims emerged in the Northern California District Court, where several state attorneys general, school districts, […]
Meta to Shut Down Instagram Accounts of Australian Teens Before Social Media Ban
Meta, the company behind Instagram, Facebook, and Threads, is notifying users in Australia aged 13 to 15 that their accounts will be shut down as a new social media ban for those under 16 is set to start in December. Australia has announced a “world-leading” initiative that will prohibit users under 16 from accessing social […]