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Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.Business - CNBC - 13 hours ago -
With Reality Labs, Meta risks heading down slippery slope of overspending again
Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.Business - MarketWatch - 43 minutes ago -
Embattled Abbott Labs comes through with a strong quarter, buyback announcement
Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.Business - CNBC - October 16 -
Yuga Labs brings AI to blockchain with ApeChain creator platform
Yuga Labs, the Web3 company behind Bored Ape Yacht Club, is bringing AI to blockchain with the launch of ApeChain, a new creator platform. In order to future-proof its ecosystem, Yuga Labs is ...Tech - VentureBeat - October 18 -
Social Media Layoffs Hit Meta
The tech giant confirmed an unspecified number of job cuts at WhatsApp and Instagram.Business - Inc. - October 17 -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - 11 hours ago -
Meta fires staff for abusing $25 meal credits
Workers used benefits to buy acne pads, wine glasses and laundry detergentBusiness - Financial Times - October 17 -
Meta under fire for ‘polluting’ open-source
Open Source Initiative chief criticises tech group for using the term to describe its Llama modelsBusiness - Financial Times - October 17 -
Meta unveils features to combat teen ‘sextortion’
Meta is ramping up its efforts to fight sextortion on Instagram with the launch of new features that are designed to help prevent young users from getting blackmailed into sharing nude photos.Top stories - NBC News - October 17 -
Meta fires staff for buying toothpaste, not lunch
Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.Top stories - BBC News - October 18 -
Meta Battles Social Media Addiction Lawsuit in Massachusetts
Meta, which owns and operates Facebook and Instagram, is facing accusations that it used tactics to get users hooked on its platforms.Business - Inc. - October 19 -
Albania's left-wing former President Meta is arrested on corruption allegations
Albanian prosecutors have arrested former President Ilir Meta on suspicion that the left-wing Freedom Party leader engaged in alleged corruption, money laundering and hiding of personal income and ...World - ABC News - October 21 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - 6 days ago -
House Republican presses Meta on censoring political content
Texas Rep. August Pfluger (R) expressed concern in a letter to Meta on Tuesday over the platform's decision to automatically opt users out of political content, arguing the platform's users should ...Politics - The Hill - 6 days ago -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - 11 hours ago -
Abbott Labs beats Q3 sales and earnings expectations, raises full-year outlook
Abbott Laboratories on Wednesday reported better-than-expected third-quarter earnings and sales, boosted by strength in the company’s medical-devices business.Business - MarketWatch - October 16 -
Live Aware Labs raises $4.8M for its AI-powered gamer feedback platform
Live Aware Labs has closed a successful seed funding round to build out its community feedback platform for game developers.Tech - VentureBeat - October 16 -
What open-source AI models should your enterprise use? Endor Labs analyzes them all
The new tool tells developers how popular and secure open-source, pre-built models are and how recently they were created and updated.Tech - VentureBeat - October 16 -
Plans to power Los Alamos lab supercomputers spark pushback from Pueblo communities, environmentalists
Northern New Mexico Indigenous communities and environmental groups are calling for the reconsideration of federal plans to run a new transmission line through an ecosystem they say is both ...Politics - The Hill - October 19 -
Harris leads Trump by 20 points with younger Americans, new CNBC/Generation Lab survey finds
Vice President Kamala Harris now holds a 20-point lead over former President Trump when it comes to younger voters between 18 and 34Business - CNBC - October 22 -
Researchers in a lab near Lake Erie study how toxic algae can damage health
In a lab not far from the shores of Lake Erie, researchers are trying to learn more about the ways toxic algae can damage healthTech - ABC News - October 22 -
Rocket Lab stock climbs more than 6% after KeyBanc raises price target
Shares of Rocket Lab USA Inc. are up 6.1% Thursday after KeyBanc Capital Markets raised its price target for the space-launch company.Business - MarketWatch - 6 days ago -
Researchers in a lab near Lake Erie study how toxic algae can damage health
In a lab not far from the shores of Lake Erie, researchers are trying to learn more about the ways toxic algae can damage healthHealth - ABC News - October 22 -
Meta Will Face State Lawsuits Alleging Teen Social Media Addiction
Despite efforts to have two cases dismissed, the parent company of Instagram and Facebook will have a legal reckoning over allegations its platforms harm younger users.Business - Inc. - October 16 -
Meta fires staff for ‘using free meal vouchers to buy household goods’
Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system. Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los ...World - The Guardian - October 17 -
Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”Tech - ABC News - October 17 -
Massachusetts judge rules Meta must face state's social media lawsuit
A Massachusetts Superior Court judge has ruled Meta must face a state lawsuit, alleging the company knowingly designed and deployed features harmful to young online users. Suffolk County Superior ...Politics - The Hill - October 18 -
Facebook and Instagram to delete ads that use celebrities without their consent
Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.Top stories - BBC News - October 22 -
Meta again testing facial recognition software to fight 'celeb bait' scams
Meta, the parent company of Facebook and Instagram, is testing facial recognition software to combat “celeb bait” scams on its platforms, as well as to allow users to more easily regain access to ...Politics - The Hill - October 22 -
Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg
Meta followed Elon Musk's lead, banning jet-tracking accounts run by Jack Sweeney. The accounts posted locations of jets used by Donald Trump and Taylor Swift.Top stories - NBC News - October 22 -
Meta Bans Accounts That Track Celebrity Jet Travel, Including for Zuckerberg
The suspensions mirror decision Elon Musk made in 2022 to ban similar accounts on Twitter after he acquired the platform.Tech - The Wall Street Journal - October 22 -
Meta Quest 3S Review: The Best Headset for VR Noobs
Meta’s most affordable VR headset is cheap, light, and easy to use. Just don’t expect to wear it too long, as the battery life isn't great.Tech - Wired - October 23 -
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
The plaintiffs said Meta misled them about how it makes Instagram and Facebook safe for younger users. A federal judge in San Francisco disagreed.Business - Inc. - October 23 -
EY and Meta Fired Workers for Stretching the Rules: What Would You Do?
EY employees watched multiple training videos at once. Meta employees used meal vouchers for non-food items. Here’s how employers should evaluate breaches like these, one expert says.Business - Inc. - October 23 -
Velan Studios readies launch for Bounce Arcade VR game for Meta Quest
Velan Studios announced its VR pinball game Bounce Arcade is available for pre-order on Meta Quest and will debut on November 21. In the game, you enter the machine and play pinball like you’ve ...Tech - VentureBeat - 6 days ago