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Facebook’s Enduring Influence and Future Prospects Amid Challenges

Facebook

Since its inception in 2004, Facebook has been pivotal in shaping the digital landscape. Founded by Mark Zuckerberg and his peers in a Harvard dormitory, the platform has grown into one of the world’s largest technology companies, boasting over three billion users across its family of apps. Facebook revolutionized the way people communicate, share content, […]

Facebook, Instagram considering spot Bitcoin ETF ads

Facebook, Instagram considering spot Bitcoin ETF ads

The digital marketing landscape is on the brink of an evolution, with giants Facebook and Instagram reportedly mulling over the inclusion of spot Bitcoin ETF ads on their platforms. This potential move, hinted at by ETF Store President Nate Geraci and further supported by a nod from Alphabet’s recent policy adjustment, signals a seismic shift […]

Meta reportedly plans to downsize staff in metaverse silicon unit

Meta reportedly plans to downsize staff in metaverse silicon unit

Meta plans to downsize its Reality Labs division, the unit responsible for pioneering custom silicon to power the tech giant’s augmented and virtual reality hardware. According to a recent report by Reuters citing sources familiar with the matter, the announcement arrived via Meta’s Workplace discussion forum on Tuesday. Employees were advised they would be apprised […]

Facebook and Instagram pull the plug on NFTs next week

Facebook and Instagram will stop supporting NFT on April 11

Facebook and Instagram, the social media giants owned by Meta, have announced that they will be pulling the plug on digital collectibles or non-fungible tokens (NFTs) from April 11, 2023. In a statement, Instagram revealed that it will begin deleting digital collection data in its system, including wallet addresses, and will no longer be connected […]

Meta gives up support for Instagram and Facebook NFTs

Meta

Meta’s work with NFTs on Facebook and Instagram is “winding down,” according to the company’s commerce and fintech lead Stephane Kasriel in a Twitter thread. The decision means that in the coming weeks, it will discontinue its tests of minting and selling NFTs on Instagram, as well as the ability to share NFTs on Instagram […]

Vitalik Buterin says Meta`s metaverse attempt will fail

Vitalik

According to Ethereum co-founder Vitalik Buterin, corporate attempts to construct the metaverse will fail. Even though the Metaverse concept is still in its infancy, Vitalik thinks that giants like Facebook would have a difficult time establishing their foundations. On Sunday, Vitalik Buterin voiced his opinion on the future of the emerging industry. In Vitalik’s judgment, […]

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