Meta
Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg
Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.
Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, but Crypto AI Tokens Fail to Follow
MSFT and Meta both rocketed off in after-hours trading after reporting strong earnings, thanks to Artificial Intelligence, but on the crypto side, there wasn't much movement.
Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.
Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant
The group may also be benefitting from a modest rise in the price of bitcoin on Tuesday.
Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy
The company has $72 billion in cash on its balance sheet, but barely any of the 5 billion shares that voted were in favor of adding bitcoin.
As Meta Said to Mull Tokens, Senator Warren Calls for Blocking Big Tech Stablecoins
While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.
Meta Is Looking to Enter Red-Hot Stablecoin Market: Fortune
The tech giant reportedly also hired a vice president of product with crypto experience to help with the stablecoin efforts.
Hut 8 Rises 12% Pre-Market Amid Social-Media Talk of Partnership With Meta
HUT shares climbed to just under $30 as of 10:00 UTC, over 11.75% higher than its Wednesday closing price of $26.69.
Mark Zuckerberg Could Teach DAOs Like Compound a Governance Lesson
A $24M "governance attack" led by a whale known as Humpy shows the flaws of a "one token, one vote" system, says security audit firm OpenZeppelin.
