Meta’s

Is ClicknClear’s Business Model Inherently Flawed? Investor Concerns Surface Amid Licensing Uncertainty and Mounting Losses

Music ClicknClear’s revenue forecast as seen in a 2024 investor deck. Any questions?Music “Choreographed sports” licensing specialist ClicknClear recently commanded headlines for securing a...

Wizkid wins “Best African Music Act” at the 2026 MOBO Awards, beats Davido, Tyla, Rema

MusicRead Later (0)Please login to bookmark Close Nigerian superstar Wizkid has once again dominated on the global stage, winning Best African Music Act at the...

Meta’s Next Round Of Layoffs Mirrors That Of 2022

DANIEL CONSTANTE/Shutterstock Meta is eyeing a fresh round of corporate restructuring that will mark even deeper layoffs. Unfortunately, the next rounds of firing are said to be of the same magnitude as the previous cycle last year, which saw nearly 11,000 employees getting the pink slip. According to The Wall Street Journal, multiple rounds of

With Snapchat and Meta’s new tools, generative AI enters the social media space

February 28, 2023  •  4 min read  •  By Marty Swant With Snapchat and Meta both recently debuting new artificial intelligence capabilities, social media’s race to incorporate generative AI is gaining traction. Snap yesterday released a new chatbot for Snapchat called “My AI,” which is powered by OpenAI’s ChatGPT and helps generate text-based messages to answer trivia

Meta’s Push to Solve the Noisy Office

By Chip Cutter and Meghan Bobrowsky| Photographs by Carolyn Fong for The Wall Street Journal Feb. 16, 2023 9:58 am ETMenlo Park, Calif.Coming to the campuses of Facebook parent Meta Platforms Inc. is a contraption that can block sound, shield workers from their peers and allow for heads-down, uninterrupted work.What's NewsKamala Harris Says Russia Has

Meta’s Reality Labs lost $13.7 billion on VR and AR last year

Mentions of the “metaverse” were relatively few and far between in Meta’s quarterly earnings call this week — we counted a mere seven mentions compared to 23 for “AI” — but the company’s investment into its vision of a VR-connected social future remains colossal. Starting in 2021, Meta began breaking out its Reality Labs VR

Meta’s Reality Labs lost $14 billion last year

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. The big picture: Mark Zuckerberg's Metaverse ambitions continue to look like a money pit, costing Meta tens of billions of dollars over the last two years. The company's 2022 year-end financial statements compound prior heavy losses from Reality Labs, but

Meta’s first Quest VR headset will no longer get any feature updates

In an email sent to users, Meta said it will continue supporting Quest 1 with a few — but pretty big — changes. While owners can still use the device and the apps available for it, the Quest 1 will no longer be receiving new features. In addition, Meta will only be rolling out critical

Meta’s new ad system addresses allegations that it enabled housing discrimination

Meta’s launching a new ad distribution system in the US as part of the settlement it reached with the US Department of Justice (DOJ) last year. In an announcement on its site, Meta says its new Variance Reduction System (VRS) will create a more “equitable distribution of ads” on the company’s platforms, addressing claims that

Meta’s been blasted by the EU privacy watchdog for breaching GDPR — now what?

It turns out that Meta has been illegally forcing users to accept personalized ads across Facebook and Instagram for years — at least that’s the case in Europe. Earlier this week, Ireland’s Data Protection Commission (DPC) ruled that the social media giant has been engaging in this practice, even after it changed its terms of