Facebook on Thursday unveiled its new name, Meta,which reflects its new focus on building out the metaverse.
During its Connect Conference on Thursday, the company detailed its ambitious plans for growing the metaverse, including Horizon Home, a virtual version of a home, realistic avatars, new immersive technology and virtual workspaces for collaboration around the world.
533 million Facebook users have had their personal information leaked online by hackers.
During a company-wide meeting Friday, the Facebook CEO accused the tech giant of having a “stranglehold” on apps that are available for iPhones. Zuckerberg claimed the App Store policies allowed Apple to “charge monopoly rents” on third-parties, which ultimately harms innovation and user experience. Continue reading Mark Zuckerberg Accuses Apple of Having a ‘Stranglehold’ on Apps
A new Facebook survey of small- and medium-sized businesses has found that, among those who have shut down amid the global covid-19 health crisis, only 45 percent plan to rehire the same employees when they reopen. Continue reading Only 45 Percent of Businesses Plan to Rehire the Same Workers Once They Reopen, Facebook Survey Finds
WITHIN HOURS OF its splashy Libra announcement last month, Facebook’s cryptocurrency plans had become a political cudgel. Drawing on Facebook’s privacy missteps and a gathering storm over antitrust, lawmakers swiftly demanded the company halt work on Libra while it addressed how it would avoid past mistakes. Those calls didn’t pose an immediate threat. Now, though, the project is getting attention from those who could potentially cool or delay Facebook’s ambitions: global regulators. Continue reading THE FED CHAIR SAYS FACEBOOK’S LIBRA RAISES ‘SERIOUS CONCERNS’
The Department of Housing and Urban Development (HUD) on Thursday charged Facebook with discrimination under the Fair Housing Act. HUD says it believes the company was “encouraging, enabling, and causing housing discrimination through the company’s advertising platform.” Continue reading HUD Charges Facebook With Enabling Housing Discrimination