Meta’s Reality Labs Hits $1 Billion in Q4 Revenue Despite $4.65 Billion in Operating Loss
Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its...
Metas
Meta’s Reality Labs reports revenue of $1B, losses of $4.6B
Meta’s metaverse division is still raking in losses but managed to impress with revenue last quarter. Reality Labs, the company’s...
US lawmaker probing Meta’s involvement with digital assets, blockchain tech
Congresswoman Maxine Waters, ranking member of the Financial Services Committee, has initiated an investigation into Meta’s involvement with digital assets...
Why Does Maxine Waters Care About Meta’s Crypto Trademarks?
In early 2022, Arun Sundararajan wrote a Harvard Business Review case study about how established brands could utilize non-fungible tokens,...
PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter
In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and...
Meta’s Threads Struggles to Lure In Crypto Companies
According to research conducted on September 11, Meta’s recently launched text-based social media app, Threads, has struggled to gain popularity...
Google leans into AI by expanding Duet, integrating Meta’s Llama, and more
What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...
Linera Blockchain Raises Additional $6M for Innovative Microchain Design Evolving from Meta’s Novi Research
Linera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with...
PayPal USD too big to shut down? Why the stablecoin could be different than Meta’s diem
As PayPal unveils its stablecoin offering, industry members might recall another time a public company ventured into stablecoins, an effort...
Meta’s $7B Q2, WLD Launch, and SEC Appeals
Crypto news: we bring you a roundup of what’s been happening in crypto this week. Worldcoin’s proof-of-personhood project airdropped its...
