The shareholders of Meta have fiercely rejected a proposal to assess whether the tech giant should accumulate Bitcoin to its balance sheet. As per the May 28 regulatory filing, a proposal named “Bitcoin Treasury Assessment” was put before shareholders, receiving 3.92 million votes in favor. It was just 0.88% of
Three years on from its Diem experiment crashing, Meta is returning to the crypto sphere this time with a measured and adoption-based approach. Rather than launching its own digital token, Meta is exploring stablecoins such as USDC and USDT to reward content creators on its platforms, including Facebook, Instagram, and
Senior Meta executive Sarah Wynn-Williams turned into a whistleblower regarding the firm’s involvement with China. The news is raising concerns about the social media giant’s intention behind helping China in advanced technology, such as AI development. A Bloomberg news report confirmed that Sarah is going to testify before the Senate
With its latest investment in Vietnam, Mark Zuckerberg’s Meta has made news all over the world once again. In addition to increasing manufacturing of its newest mixed reality headsets in 2025, the tech giant said on Tuesday that it would invest in AI innovation in the Asian nation. Even the
In Q2 of this year, Mark Zuckerberg’s Meta Platforms suffered an additional $4.5 billion loss on its metaverse division, Reality Labs. Revenue for Meta’s second-largest quarter ever came in at $49 billion, up 22% year over year, according to an earnings call held on July 31. Moreover, Zuckerberg pointed out
According to recent reports, Meta is planning to reduce the number of vice president roles in order to make significant cuts. The corporation is continuing its attempts to reduce expenses and simplify operations in the face of a hard-economic climate, and the current round of layoffs will see the termination
The educational sector will soon get access to Meta’s enterprise-level Quest services, the social media behemoth said on April 15. When it comes to extended reality (XR) headsets, the Quest models from this business are “by far the most popular on the market,” as Statista puts it. Moreover, by the
Despite recording its most quarterly sales ever in the Q4 of 2023, Meta’s mixed-reality arm, Reality Labs, had an operating loss of more than $4.6 billion. While Meta’s virtual and augmented reality (VR/AR) research arm, Reality Labs, lost $4.65 billion in Q4, the company’s overall revenue was roughly $1.1 billion,
It has been revealed that social media behemoth Meta (Facebook) has abolished the department that oversees the regulation of its AI initiatives under development and deployment. Several members of the regulation AI team at Meta have apparently moved to the generative AI product team, while others have joined the AI
Despite a stated shift in focus toward AI, Meta has not abandoned the metaverse. This was reaffirmed by Meta founder and CEO Mark Zuckerberg during an earnings call. Zuckerberg stated: “Our investments in AI continue. We remain fully committed to the Metaverse vision as well. We’ve been working on both
