Business

Facebook changing with times a decade after stock debut

Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the beloved social network made its stock market debut, culminating an all-night hackathon that included street hockey, costumes and music.

Business

Shares of Facebook parent Meta soar despite growth slowdown

Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours ...

Internet

Meta tests sale of virtual goods in metaverse

Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users in Horizon Worlds, its main platform in the metaverse, the company said Monday.

Internet

Why doesn't the metaverse look as disruptive as it should?

Virtual real estate is booming. In December 2021, one buyer spent US$450,000 (around £332,500) on a plot of land in rapper Snoop Dogg's virtual world. Which begs the question of what will be built there.

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