The tech sector’s most recent tussle is the massive layoffs in every other company. An increase in the inflation rate has pushed the firms to the corner of reducing the workforce count. The Kobeissi Letter, the leading commentator on the global capital market produced a summarization of the layoff percentages
Meta Platforms, Inc. (META), the parent company of Facebook, is planning for “massive layoffs”. According to a recent report from The Wall Street Journal, Meta is expected to begin large-scale layoffs this week due to increased costs and a recent decline in its stock price. The action from the platform
Polygon (MATIC) price surged by over 9% in the last 24 hours to $1.21. Today, MATIC attained six months high of $1.27. Polygon’s native cryptocurrency $MATIC has grown more quickly and signaling bullish patterns. According to Coingecko, Today, $MATIC has surged by around 30% in the last 7 days to
The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conversation. The corporation announced its earnings recently. The company’s bottom line took a serious blow due to investments in the
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse division recorded a loss of $3.7 billion in the third quarter of 2022, which is around 1 billion higher than
The goal of “Creativity in the Metaverse” program is to support the startup ideas. The acceleration program will boost Meta & Loreal’s international market & brand reach. Meta, the global social media lead has partnered with the pioneer cosmetic firm L’Oréal to power the metaverse and web3 startup accelerator initiated
This week, Meta opened and displayed a clip of all-new avatars, featuring feet. Meta dropped their aim of 500K monthly active users by the end of the year to 280K. Facebook’s predecessor, Meta, is still having trouble reaching its target market in the metaverse’s Horizon Worlds. This week, the firm
The Meta Avatars Store is a Facebook, Messenger, and Instagram digital store. Liverpool Football Club (LFC) has released a lifestyle collection under the LFC label. On Friday, the Premier League club Liverpool FC and metaverse behemoth Meta announced a collaboration to release a line of virtual clothing for Meta digital
Microsoft software is currently made available in Meta’s VR. Meta’s Quest is a newly unveil Quest pro-VR headset that enables boardroom connections virtually. Meta platform has collaborated with Microsoft to integrate Microsoft Office 365 into Meta’s virtual reality (VR). On October 11, at Meta’s Connect 2022 event, Microsoft CEO Satya
The NFT post may be shared on social media platforms like Instagram and Facebook. In order to do so, users must go to the “digital collectibles” section of the app’s settings. Meta recently announced that it has enabled NFT sharing for all of its Instagram and Facebook users in the
