Profits more than halved at the owner of Facebook, wiping $2bn off the fortune of founder Mark Zuckerberg as the company became the latest victim… Read More »Mark Zuckerberg hit by tech slowdown as Meta profits halve
Meta’s focus on becoming a leading force in the nascent metaverse has begun to make at least one of its investors uneasy. In an open… Read More »Tech Investor Tells Meta Its $100bn+ Metaverse Spend Is ‘Super-sized And Terrifying’
Facebook parent Meta made its big virtual reality play last week with the launch of the company’s new high-end Quest Pro headset. But Paolo Pescatore,… Read More »Tech hype vs. reality: There’s no need to rush Meta’s Quest Pro or 8K TV into people’s hands, says analyst
Semiconductors have been rocked this year due to slower consumer spending on PCs, mobile and also slowing enterprise budgets that further affect hardware purchases, including… Read More »Big Tech Continues To Buy Semiconductors At Record Levels In 2022
Earlier this week Meta CEO Mark Zuckerberg took to the stage to demonstrate thathaving spent billions of dollars to create a virtual reality universe (Horizon… Read More »Meta’s Virtual Reality Legs Video Was A Lie, Used Some Mocap
Meta portrays the metaverse as the future of work, play and social life at today’s Connect conference. At this year’s Virtual Connect conference, Meta has… Read More »Meta Unveils Quest Pro VR Headset, New Tech Partnerships And Full-body Avatars
Technology stocks are in the midst of their worst selloff in years. Upheaval in the currencies market might make the rout even worse. Large technology… Read More »Tech Stocks Face New Blow as Strong Dollar Threatens Earnings
Also opposing the bill are two technology industry trade groups that Facebook and Google belong to: the Computer & Communications Industry Association and NetChoice Also… Read More »News organizations get more power over tech platforms after US Senate panel approves bill
On September 13, a group of 13 companies urged the US Congress to approve a bill designed to rein in Big Tech firms. Dubbed the… Read More »How Klobuchar bill may impact Big Tech in India
The US Justice Department’s top antitrust cop said he wants to “unplug” monopolistic Big Tech firms and drove home his support for a stalled congressional… Read More »DOJ antitrust cop hammers ‘whack-a-mole’ approach to reining in Big Tech