WhatsApp Rolls Out Emoji Reactions
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Facebook to Stop Hiring New Employees
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Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck
Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division — formerly known as Facebook’s Oculus division — has been spending increasing sums of capital on developing virtual reality and metaverse-related products, posting a $2.9 billion loss for Q1 2022. That’s 61% more than its $1.8 billion loss in Q1 2021. Overall Reality Labs revenue came in above expectations, seeing $695 million in revenue during the first quarter of this year from the sales of things like VR headsets and Meta Portal hardware. In a Wednesday earnings call, Meta CEO Mark Zuckerberg said losses in this division are to be expected, owing to the fact that Reality Labs is still la...
Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck
Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division — formerly known as Facebook’s Oculus division — has been spending increasing sums of capital on developing virtual reality and metaverse-related products, posting a $2.9 billion loss for Q1 2022. That’s 61% more than its $1.8 billion loss in Q1 2021. Overall Reality Labs revenue came in above expectations, seeing $695 million in revenue during the first quarter of this year from the sales of things like VR headsets and Meta Portal hardware. In a Wednesday earnings call, Meta CEO Mark Zuckerberg said losses in this division are to be expected, owing to the fact that Reality Labs is still la...
Meta Rumoured to be Working on New Virtual Currency: ‘Zuck Bucks’
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Where To? Black People, Racism & The Metaverse
HipHopWired Featured Video Source: PixelsEffect / Getty For years, people of color have been fighting to be heard on Facebook (ahem, Meta)—beyond the ubiquitous hot takes on pop culture and viral video clips. According to groups like Color of Change, the social media site has been punishing users who inform, denounce and call out racism in their corner of Facebook. USA Today reports that the regulation goes as far as account suspension whenever the phrase “white people” appears in a status update—even when describing personal real-life prejudicial scenarios. So if our communities already feel as if they don’t have a place on Facebook, where would they fit in within the metaverse? The growing popularity of NFTs (non-fungible tokens) have opened the floodgates for people to take their race-b...
Mark Zuckerberg Says Meta Employees “Lovingly” Refer to Him as “The Eye of Sauron”
Mark Zuckerberg hasn’t always had a squeaky-clean reputation, and the Facebook/Meta founder and CEO has accrued a slew of less-than-flattering nicknames throughout his career. But during his recent appearance on The Tim Ferriss Show, he shared a particularly eyebrow-raising label given to him by his own employees: The Eye of Sauron. Zuckerberg brought up the moniker after he and Ferriss began discussing how he manages his energy in the workplace while constantly being barraged with news and information. “Maybe I’m not strong-willed enough or calm enough to do just straight-up meditation,” Zuck said. “I actually need to put myself in a situation where it’s difficult to not focus on that thing.” He continued: “Some of the folks I work with at the company — they say this lovingly — but I thin...
Equinix Expands to Africa After Buying Nigerian Data Centre Firm for $320M
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TikTok ‘Deeply Concerned’ by Facebook’s Paid Campaign to Promote Negative Coverage of Social App
TikTok said Wednesday it was “deeply concerned” by a campaign paid for by Meta, the parent company of Facebook, to promote negative coverage of the shortform social platform in local media coverage. As reported by The Washington Post, Meta has paid a “right of center” marketing firm, Targeted Victory, to lead a campaign that has included placing op-eds and letters to the editor in local papers to promote anti-TikTok sentiment, especially when it comes to children using the app. Targeted Victory allegedly worked with local operatives to promote the negative coverage around purported trends on TikTok harming children to compel lawmakers to take action; the firm also sought to promote positive coverage about Meta and use the anti-TikTok pieces to deflect from government antitrust and privacy ...
Facebook Hired GOP Firm to Launch Smear Campaign Against TikTok
Facebook’s parent company Meta has contracted one of the country’s largest Republican consulting firms to choreograph a nationwide smear campaign against TikTok, The Washington Post reports. The campaign has successfully placed op-eds and letters to the editor in major newspapers, spread unfounded rumors that damaging Facebook trends began on TikTok instead, and won the support of one apparently unwitting Democrat senator, all while exposing how deeply intertwined Meta has become with GOP politics. The Republican firm, Targeted Victory, was described in 2016 as “the GOP’s go-to technology consultant firm,” with a track record at the time of successfully boosting Ted Cruz’s national profile. Its website advertises a “hyperlocal” approach to politics, which can be seen in the astro...
Facebook to Verify Ads Ahead of Kenyan General Elections
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