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Coinbase Acquires Onchain Ad Platform Spindl to Boost Visibility of Base-Powered Web3 Projects
Coinbase has acquired Spindl, an onchain advertising platform, to help Web3 developers expand their project reach within Web3 communities.
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Facebook, Nvidia Ask US Supreme Court to Spare Them from Securities Fraud Suits
Social media platform Facebook and Artificial Intelligence chipmaker Nvidia appealed to the Supreme Court after the San Francisco-based 9th US Circuit Court of Appeals allowed separate class action securities fraud lawsuits to proceed against them.
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Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
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Crypto Scammers Posing as Professors, Academicians to Target Investors, US Regulator Warns
US regulators have issued an official warning against an emerging category of crypto scams, where scammers pose as professors or academicians. Social networking platforms including Facebook, WhatsApp, and Telegram are being exploited by cyber miscreants to find and communicate with potential victims.
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Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
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Mark Zuckerberg’s Podcast Interview as Photorealistic Meta Avatar Tickles People’s Metaverse Fancies
On September 28, Mark Zuckerberg appeared for a podcast interview with YouTuber and AI researcher Lex Fridman, but the venue of this interaction was the metaverse. In photorealistic Meta avatars, the two engaged in conversation about how Zuckerberg envisioned the future of virtual reality and the metaverse.
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Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action
Thailand’s ministry of digital economy has called out Facebook for not maintaining an oversight on potential scams. The Thai authorities have alleged over 2,00,000 of its nationals have been duped via crypto investment and high return auction suggestions, all via Facebook.
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PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
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Coinbase Appoints Ex CryptoCom, Facebook Employees to Head its Units in Europe, Africa, Middle East
Coinbase has expanded its teams in the Europe, Middle East, and Africa (EMEA) regions. Cormac Dinan, the ex-general manager of the CryptoCom, and Elke Karskens, the former director of partnerships in Facebook, are among the five new senior-level executives, that Coinbase has freshly added to its teams in the EMEA regions.
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Meta Rolls Out Features to Protect Teenagers From Suspicious Adults on Facebook, Instagram
Meta is releasing a plethora of features on Facebook and Instagram to ensure that teenagers are kept as shielded as possible, from potentially dangerous miscreants. Teenagers indulging in conversations with adults will be prompted and asked if they know this particular individual and a safety feature will protect them from suspicious adults.
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Facebook's Meta Rebranding Clocks a Year, FTX CEO Dissects Zuckerberg’s ‘Distracting’ Decision
Facebook’s rebranding to Meta completed a year on October 28. Sam Bankman-Fried (SBF), the CEO of the FTX crypto exchange, who is also among the biggest investors in Web3 projects, has argued that this rebranding is not fulfilling Mark Zuckerberg’s plan of churning billions.
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Mark Zuckerberg to Testify in FTC Case Against Facebook's Virtual Reality Deal
Meta Platforms Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company's proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked. In a court document filed with the US District Court Northern District Of California on Friday, the FTC listed 18 wi...
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Metaverse May Open Up New World of Cybercrime, Fears Interpol
Global police agency Interpol said it was preparing for the risk that online immersive environments — the "metaverse" — could create new kinds of cybercrime and allow existing crime to take place on a larger scale. Interpol's member countries have raised concerns about how to prepare for possible metaverse crime, Madan Oberoi, Interpol's execu...
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Meta's Metaverse-Linked Division Posts Losses Close to $3.7 Billion in Q3 2022
Facebook’s parent company Meta reported that its metaverse division Reality Labs lost $3.7 billion (roughly Rs. 30,476 crore) in the third quarter of this year, bringing its accumulated losses in 2022 to $9.4 billion (roughly Rs. 77,386 crore), according to its third-quarter financial report on Wednesday.
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WhatsApp Bitmoji-Style Avatars Reportedly Rolling Out to Some Beta Testers: All Details
WhatsApp will reportedly allow its users to customise and use their digital avatars on the app. The feature is rolling out to some beta testers of the app, as per a report by WABetaInfo. These 3D avatars have already been made available on other Meta apps including Messenger and Instagram.
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Coinbase Acquires Onchain Ad Platform Spindl to Boost Visibility of Base-Powered Web3 Projects
Coinbase has acquired Spindl, an onchain advertising platform, to help Web3 developers expand their project reach within Web3 communities.
-
Facebook, Nvidia Ask US Supreme Court to Spare Them from Securities Fraud Suits
Social media platform Facebook and Artificial Intelligence chipmaker Nvidia appealed to the Supreme Court after the San Francisco-based 9th US Circuit Court of Appeals allowed separate class action securities fraud lawsuits to proceed against them.
-
Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
-
Crypto Scammers Posing as Professors, Academicians to Target Investors, US Regulator Warns
US regulators have issued an official warning against an emerging category of crypto scams, where scammers pose as professors or academicians. Social networking platforms including Facebook, WhatsApp, and Telegram are being exploited by cyber miscreants to find and communicate with potential victims.
-
Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
-
Mark Zuckerberg’s Podcast Interview as Photorealistic Meta Avatar Tickles People’s Metaverse Fancies
On September 28, Mark Zuckerberg appeared for a podcast interview with YouTuber and AI researcher Lex Fridman, but the venue of this interaction was the metaverse. In photorealistic Meta avatars, the two engaged in conversation about how Zuckerberg envisioned the future of virtual reality and the metaverse.
-
Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action
Thailand’s ministry of digital economy has called out Facebook for not maintaining an oversight on potential scams. The Thai authorities have alleged over 2,00,000 of its nationals have been duped via crypto investment and high return auction suggestions, all via Facebook.
-
PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
-
Coinbase Appoints Ex CryptoCom, Facebook Employees to Head its Units in Europe, Africa, Middle East
Coinbase has expanded its teams in the Europe, Middle East, and Africa (EMEA) regions. Cormac Dinan, the ex-general manager of the CryptoCom, and Elke Karskens, the former director of partnerships in Facebook, are among the five new senior-level executives, that Coinbase has freshly added to its teams in the EMEA regions.
-
Meta Rolls Out Features to Protect Teenagers From Suspicious Adults on Facebook, Instagram
Meta is releasing a plethora of features on Facebook and Instagram to ensure that teenagers are kept as shielded as possible, from potentially dangerous miscreants. Teenagers indulging in conversations with adults will be prompted and asked if they know this particular individual and a safety feature will protect them from suspicious adults.
-
Facebook's Meta Rebranding Clocks a Year, FTX CEO Dissects Zuckerberg’s ‘Distracting’ Decision
Facebook’s rebranding to Meta completed a year on October 28. Sam Bankman-Fried (SBF), the CEO of the FTX crypto exchange, who is also among the biggest investors in Web3 projects, has argued that this rebranding is not fulfilling Mark Zuckerberg’s plan of churning billions.
-
Mark Zuckerberg to Testify in FTC Case Against Facebook's Virtual Reality Deal
Meta Platforms Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company's proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked. In a court document filed with the US District Court Northern District Of California on Friday, the FTC listed 18 wi...
-
Metaverse May Open Up New World of Cybercrime, Fears Interpol
Global police agency Interpol said it was preparing for the risk that online immersive environments — the "metaverse" — could create new kinds of cybercrime and allow existing crime to take place on a larger scale. Interpol's member countries have raised concerns about how to prepare for possible metaverse crime, Madan Oberoi, Interpol's execu...
-
Meta's Metaverse-Linked Division Posts Losses Close to $3.7 Billion in Q3 2022
Facebook’s parent company Meta reported that its metaverse division Reality Labs lost $3.7 billion (roughly Rs. 30,476 crore) in the third quarter of this year, bringing its accumulated losses in 2022 to $9.4 billion (roughly Rs. 77,386 crore), according to its third-quarter financial report on Wednesday.
-
WhatsApp Bitmoji-Style Avatars Reportedly Rolling Out to Some Beta Testers: All Details
WhatsApp will reportedly allow its users to customise and use their digital avatars on the app. The feature is rolling out to some beta testers of the app, as per a report by WABetaInfo. These 3D avatars have already been made available on other Meta apps including Messenger and Instagram.
