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Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

October 14, 2024

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s…
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Meta to Appeal Nigeria’s $220 Million Data Privacy Fine

July 22, 2024

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018,…
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Bitcoin’s Market Cap at Risk of Falling Below $1 Trillion for First Time in 4 Months

July 6, 2024

According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC) has experienced a challenging month, losing about 20% against…
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Meta Launches Awards to Drive AI Innovation in Developing Regions

July 4, 2024

Meta launched the Meta Llama Impact Innovation Awards to support organizations in developing regions that use Meta’s advanced AI models, Llama 2 and 3, to solve local problems in education, environment, and other areas. The AI models are recognized for their enhanced reasoning capabilities and potential to drive economic and social opportunities. Grants of up…
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Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering

May 23, 2024

Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several…
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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

April 25, 2024

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher…
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Peeling Back the Layers: Ensuring AR Remains a Tool for Expression, Not Manipulation

January 26, 2024

With the launch of Apple’s Reality Pro headset just a few days away, Augmented Reality (AR) is the topic on everyone’s minds. But the buzz isn’t baseless – the possibilities of AR technology are breathtaking! Fancy the new MSG Sphere in Las Vegas? Imagine having one in your own backyard! But beneath this surface-level spectacle,…
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Maxine Waters Questions Meta’s Digital Asset Ambitions

January 23, 2024

Maxine Waters has sent a probing letter to Meta, querying the tech giant’s recent spate of trademark applications related to digital assets and blockchain technology. Maxine Waters Suspects Meta’s Renewed Interest in Digital Assets Through Trademark Filings Maxine Waters, the ranking Democrat of the House Financial Services Committee, has raised concerns over Meta’s recent trademark…
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Democrat Rep. Maxine Waters Raises Concerns Over Meta’s Continued Crypto Ventures

January 23, 2024

Rep. Maxine Waters has expressed significant concerns over Meta’s continued involvement in the digital asset sector. In a detailed letter addressed to Meta CEO Mark Zuckerberg and COO Javier Olivan, the California Democrat, known for her critical stance on Meta’s previous cryptocurrency endeavors, particularly the Libra stablecoin project, has highlighted Meta’s filing of five trademark…
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Meta dissolves responsible AI division amid restructuring

November 19, 2023

The restructuring comes as the parent company of Facebook nears the end of its “year of efficiency.” Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed. According to a report, many team members of Meta’s responsible AI division have transitioned to…
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