Tag Archives: Meta

Bitcoin bull Michael Saylor says Meta should have stayed around longer in the crypto space. “The mistake [they made] was not getting into the crypto space. They wasted many, many years of their time with the project they invested in,” the MicroStrategy CEO and founder said on Yahoo Finance Live. This week, Diem — Facebook’s one-time crypto venture — said it sold its assets and intellectual property to crypto bank Silvergate Capital. Sale price: $182 million. The sale effectively ends… Source link

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

Text size It’s another big week for tech stocks, with results coming from Google, Amazon, Meta, and others. Denis Charlet/AFP via Getty Images … Source link

To say that Big Tech controls the internet might seem like an exaggeration. Increasingly, in at least one sense, it’s literally true. The internet can seem intangible, a post-physical environment where things like viral posts, virtual goods and metaverse concerts just sort of happen. But creating that illusion requires a truly gargantuan—and quickly-growing—web of physical connections. Fiber-optic cable, which carries 95% of the world’s international internet traffic, links up pretty… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Dec. 22, 2021 This year was a wild ride for the world’s largest tech companies, from Microsoft (MSFT) and Google (GOOG, GOOGL) reaching a $2 trillion market cap to the chip shortage taking a bite out of Apple’s (AAPL) revenue. But ex-Facebook (FB) employee Frances Haugen spearheaded… Source link

A new medical testing startup called Detect began selling at-home molecular COVID-19 tests through its website last week. The company also announced its CEO — Hugo Barra, a former executive at companies like Meta and Google who previously worked on hardware products like smartphones and virtual reality. The timing was sadly serendipitous — the launch coincided with a near-unprecedented surge in COVID-19 cases in the United States, driven by the omicron variant. It’s nearly… Source link

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly WASHINGTON, Dec 17 (Reuters) – The Biden administration on Friday recommended the Federal Communications Commission grant Alphabet’s Google and Facebook-parent Meta licenses for an undersea cable. The companies entered into national security agreements to protect data on the Pacific Light Cable Network system, an undersea fiber optic cable system that will… Source link

Today, the Department of Justice announced that Team Telecom entered into National Security Agreements with Google LLC and its subsidiary GU Holdings Inc., and Meta Platforms Inc. (formerly known as Facebook Inc.) and its subsidiary Edge Cable Holdings USA LLC to protect data on the Pacific Light Cable Network (PLCN) system, an undersea fiber optic cable system that will connect the United States, Taiwan and the Philippines.  The agreements were made with the Departments of Justice (DOJ),… Source link

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to reuters.com Register Dec 6 (Reuters) – The global advertising industry will notch higher growth this year than previously expected and is likely to continue its streak in 2022 as brands are relying more heavily on search engine and social-media companies such as Alphabet Inc’s Google (GOOGL.O) and Meta Platforms Inc (FB.O)… Source link

REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to reuters.com Register MOSCOW, Dec 3 (Reuters) – Russia’s state communications regulator Roskomnadzor has filed cases against U.S. tech firms Google and Meta that could see fines imposed on their annual turnover in Russia, a Moscow court said on Friday. Roskomnadzor in October threatened both Alphabet’s Google (GOOGL.O) and Meta’s Facebook (FB.O) with fines based on a percentage of their annual turnover for a repeated… Source link