Meta Turnaround Could Trap Bears

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Meta’s investment in AI to adapt to Apple’s privacy changes could offer Facebook and Instagram a path to recovery, explains DoubleLJSquared WSJWhatsNow

Snap’s results have been a popular bellwether for investors trying to bet on Meta Platforms’ quarterly earnings reports. This week, investors may want to ignore them.

Meta will report fourth-quarter earnings Wednesday afternoon, following Snap’s report after the bell Tuesday. The social-media-giant-turned-metaverse architect had an abysmal 2022 in the stock market, logging a 64% decline in its share price to shed some $600 billion in market value.

Source: News Formal (newsformal.com)

 

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Apax Pumps 60M Pounds Into Matchesfashion as Turnaround Takes HoldThe new funding is Apax’s largest commitment to Matchesfashion since it purchased the retailer in 2017, and a vote of confidence for new CEO Nick Beighton.
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Sky To Profile Life Of Meta Creator Mark ZuckerbergEXCLUSIVE: The events of Mark Zuckerberg’s life and creation of Facebook/Meta are to be charted in a Sky documentary, revealed on an eight-strong slate. Zuckerberg: King of the Metaverse [wor… We’ve already seen The Social Network. Don’t need some PR puff piece from Sky. How about profile all the awful things his company has done under his leadership instead haciendomovidas
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The Meta Quest Pro is $400 off this weekIt now costs as much as HTC’s Vive XR Elite. From the linked review, I'm sorry, but no one wants this at work. There is no reason for a 'professional' VR set right now. It's crazy that VR's best potential is to take people to incredible other worlds, and they focus on recreating the office 🙄
Source: verge - 🏆 94. / 67 Read more »

Meta’s Account Center came with a 2FA-defeating bugA researcher was able to brute force SMS codes. The authentication code having no limit of how many times it was entered seems to be a huge oversight by the Meta team. Brute force attacks are common amongst the 2FA breaches - thankfully this didn't get out in the wild. Thank you for the coverage 🙏
Source: verge - 🏆 94. / 67 Read more »

The Meta Quest Pro is $400 off right now | EngadgetMeta's pricey Quest Pro VR headset is on sale for the first time ever.. In two years will be Free with email address and phone number. Focus really needs to be shifted to content, otherwise this will collect dust like the rest. Yay, now, let me know when it loses M3ta login (yes, 'ha ha', I know)
Source: engadget - 🏆 276. / 63 Read more »