Rec Room Faces Shutdown After Struggles with Profitability
Rec Room, once valued at $3.5 billion, will shut down on June 1, 2026, due to ongoing profitability issues. The platform had over 150 million users.
Meta Found Liable for Creating Addictive Platforms That Harm Young Users
Meta has been ordered to pay $375 million for misleading consumers about the safety of its platforms, following a lawsuit by New Mexico's attorney general.
Metaverse: Meta’s Shift: The Future of the Beyond Horizon Worlds
Meta's Horizon Worlds will no longer be available in VR after June 15, 2026, as the company pivots its focus within the metaverse.
Meta’s AI Evolution: Yann LeCun’s New Venture and Advertising Competition
Yann LeCun has founded Advanced Machine Intelligence after leaving Meta, raising $1.03 billion. Meanwhile, TikTok intensifies its advertising efforts against Meta.
Facebook down: Widespread Outage Affects Users Worldwide
On March 3, 2026, Facebook experienced a significant outage affecting users globally. Reports indicate widespread issues with access and functionality.
What Does the New AMD Stock Deal with Meta Mean for Investors?
AMD has entered a $60 billion deal with Meta to supply AI chips, which could significantly influence AMD stock. This partnership aims to enhance Meta's AI infrastructure.
Meta Partners with AMD: A Game-Changing Deal for AI Infrastructure
Meta has entered a multiyear agreement with AMD to utilize its AI chips, a move that could reshape the AI infrastructure market. This partnership is pivotal for AMD's growth.