Meta

Big Tech pulled US indexes back into the green Thursday, as investors waited for two more Mag 7 first-quarter reports after the bell

We’re about a third of the way into earnings season and results have been fairly solid

Thursday’s selloff was led by tech stocks, triggered by disappointing outlooks from giants Meta and Microsoft

Reality Labs notched over $1 billion in revenue during Q4 last year, up from $727 million in 2022’s Q4

Plus, layoffs come to a halt and DeFiance Capital’s head of growth departs

Lightspark CEO David Marcus aims to address the absence of a worldwide internet protocol for global money transfers

200,000 people have been impacted by scams in Thailand

David Marcus noted that while crypto projects tackle complex technical issues, many lack real-world relevance

With strong regulatory relationships, an established reputation and history as a guide, PayPal may be better equipped to launch a stablecoin than Meta

The latest losses are not abnormal, as the unit has suffered a combined net loss of $17.7 billion over the previous five quarters

The European consumer group noted Elon Musk’s changing of the Twitter symbol to the dogecoin logo in its crypto complaint to the EU

The tech giant’s Reality Labs unit has now lost roughly $17.7 billion since the start of 2022

Meta, according to a executive, is looking to “focus on areas where we can make impact at scale”

Crypto might appear bleak in the depths of the bear market, but there’s major moves being made behind the scenes

Meta, led by metaverse-obsessed CEO Mark Zuckerberg has released its earnings for 2022’s fourth quarter, and it doesn’t look good

Partnerships with Web2 companies may have saved Polygon’s MATIC from market chaos

Blockworks exclusive: “Venture Studio” will be designed to guide entrepreneurs through the process of launching a startup on the Arweave blockchain

Third-quarter earnings are coming in below expectations, and tech companies are pointing the finger at crypto

Instagram users can soon create and sell NFTs in the app

The S&P 500 and tech-heavy Nasdaq are up about 8% and 3%, respectively, for the month of October, but this week could erase gains

Bitcoin, known for its volatility, has only lost 18% or more in one day on 10 occasions over the last 10 years, and only twice in the last 5 years

Meta’s stock price was down about 15% in after-hours trading, as of 5:15 pm ET

This feature is available to all US Facebook and Instagram users and those in 100 other countries

US Senators asked CEO Mark Zuckerberg to detail its current policies and practices to remove crypto scammers by Oct. 24