Meta shares surge despite Facebook owner’s weakest revenue growth for a decade April 28, 2022 Meta shares were lifted after the social media giant’s first earnings report, despite missing Wall Street analysts’ revenue estimates. Facebook’s owner saw shares surge some 13 per cent after, revealing it had managed to claw back some users, after previously reporting its first ever decline in user-numbers. Meta lost a staggering $230bn in market value [...]
Meta takes on UK watchdog in £249m competition row over Giphy tie-up April 26, 2022 Facebook's parent firm Meta has started the appeal process against the UK's decision to block its tie-up with Giphy for $315m (£249m).
If the metaverse is the future, what does it hold hold for sport? April 26, 2022 Since Facebook rebranded to Meta last year, barely a day passes without a new capital raise, brand launch or futures fund for the metaverse, but what exactly is it and what does it mean for sport and its biggest stars? Despite the metaverse being a relatively recent term, it’s clear a new virtual reality is [...]
New investigation reveals metaverse plagued with sexual and racial abuse April 25, 2022 A recent Channel 4 exposé has revealed sexual and racist abuse runs rife in the metaverse as firms continue to roll out the new technology.
Next generation could spend 10 years in metaverse as industry booms April 19, 2022 The next generation could spend up to 10 years in virtual realities over the course of their lifetime, new research has revealed.
Child safety campaigners criticise Meta’s end-to-end encryption plans April 7, 2022 Child safety campaigners have criticised Meta’s recent research that makes the case for end-to-end encryption as a positive driver for human rights.
Financial watchdog chief calls on Meta to up its game with blocking investment fraud April 7, 2022 The head of the UK’s financial regulator has called on Facebook to take action against investment scams. Writing in The Telegraph, Nikhil Rathi, head of the Financial Conduct Authority (FCA), said Facebook’s parent company Meta needed to do more to tackle fraudsters targeting vulnerable people online. It comes as the Online Safety Bill progresses through [...]
Meta funds anti-TikTok campaign as Chinese tech firm threatens popularity March 31, 2022 TikTok has said it is “deeply concerned” by reports that Facebook’s parent company Meta paid for a campaign to promote negative coverage of the Chinese tech platform. As first reported by The Washington Post, Meta hired a “right of center” marketing firm Targeted Victory to lead a campaign about its biggest rival. This included placing [...]
Clegg banks £10m bonus following Meta promotion March 17, 2022 Sir Nick Clegg bags a £10m bonus after taking Meta top spot as the president of global affairs alongside Mark Zuckerberg. According to Bloomberg, the former deputy prime minister raked in a stock package worth $12.3m (£9.4m), which comes on top of his annual salary at Facebook’s parent company. Clegg’s salary is reportedly £2.7m, and this [...]
Metaverse switch: Young people jump ship from Facebook and embrace virtual reality platform March 15, 2022 The metaverse could become a mainstream way to make friends and even date, with nearly a fifth of young people ready to ditch more conventional social media platforms. With more than a tenth having already made their own metaverse avatar, data from Zen Internet highlighted that 18 per cent of 16-24 year olds are already [...]