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In a rather surprising move, Meta (META) has opted to drop its fact-checking feature in what many view as a decision made to favor the incoming Donald Trump administration. Indeed, the company has reportedly scrapped its current moderation platform in favor of an alternative model. The social media company also opted to limit “cubs on discussions around contentious topics such as immigration and identity,” according to a Reuters report. The decision seemingly gives in to criticism that Trump has made of the platform. Moreover, it could have notable stock implications ahead of the returning president’s inauguration. Source: Forbes Also Read: Meta Platforms Announced Dana White Will Join Board of Directors Zuckerberg Concedes to Trump Criticism, Shelves Fact-Checking Program In November of 2024, the American people voted rather convincingly to once again elect Donald Trump as President. Despite the overwhelming victory, there is still some contention regarding his positi...

Despite the anticipation for the company’s most recent Q3 earnings, Meta (META) has fallen nearly 5% Thursday as investors have expressed concern about the stock in 2025. Indeed, the stock price drop is likely connected to increased AI spending that has driven some concern on Wall Street. The earnings report had come in weaker than many experts had projected. Specifically, declining user numbers forr the Wednesday report had caught the eye of many. That figure, and questions regarding its trajectory have created the perfect storm that knocked the stock back significantly as the week nears its close. Source: CNBC Also Read: Meta (META) Q3 Earnings: Record Highs & Heavy Spending – What’s Next? Meta Q3 Earnings Cause Concern as 2025 Spending Looks to Grow Entering earning season, Meta looked to be in a positive place. The company had announced its Orion augmented reality glasses, looking to get a jump on the emerging market. Moreover, it has continued to integrate AI into its plethor...

The metaverse was meant to herald a bright new future for humanity. With none other than Mark Zuckerberg at the helm, it was supposed to welcome five billion users and grow to $13 trillion, according to researchers at Citi. Unfortunately, it appears that these analysts — and Metaverse cheerleaders — were getting a little ahead of themselves. Zuckerberg’s metaverse division at Meta (formerly Facebook) lost $4.5 billion last quarter alone, adding to its lifetime, $46 billion-and-counting metaverse losses. His flagship metaverse game for adults, Horizon Worlds, is embarrassingly popular with children. Similarly, the crypto metaverse industry — at least when measured using the prices of assets like land parcels, metaverse currencies, and in-world characters — has all the characteristics of a dazzlingly popped bubble. YouTuber finds only 900 daily users in Horizon Worlds — Meta’s $36B metaverse Decimated digital land and asset prices Consider The Sandb...

The AI arms race is in full swing, as CNBC reported a Mark Zuckerberg announcement that the Meta Team is developing ChatGPT-like AI for Instagram and WhatsApp. Specifically, the company is putting resources into a generative AI system that could rival the OpenAI product. The news follows a previous announcement from Zuckerberg that the company was entering the space. Stating they are developing a language model, the foundation of any generative AI system. Subsequently, the news of the development of a ChatGPT alternative by Meta was to be expected and should intrigue the market due to its potential integration into the platforms’ host of user applications. Source: Meta-Facebook Meta Gets in on the AI Arms Race Since ChatGPT’s debut in November, the OpenAI-developed system has taken the tech world by storm. Moreover, it has shown the industry how advanced the tech has actually become and opened a new market that has proven to be robust in its limited existence. T...