metaverse

Shares of Meta Platforms Inc (NASDAQ:META) climbed higher Thursday after the company announced job cuts. With shares trading higher, Meta CEO and co-founder Mark Zuckerberg also saw his wealth soar, potentially at the expense of some of his company's employees. Meta Stock Gains, Zuckerberg's Wealth...

On Thursday, Cathie Wood-led Ark Invest made significant trades, including selling shares of Tesla Inc. (NASDAQ:TSLA) , Meta Platforms Inc. (NASDAQ:META) , and buying ARK 21Shares Bitcoin ETF (BATS:ARKB). These moves come amid evolving market conditions and strategic shifts in the tech and crypto...

Major U.S. indices closed mixed on Thursday, with the Dow Jones Industrial Average slipping 0.07% to 47,850.94. The S&P 500 edged up 0.1% to 6,857.12, and the Nasdaq added 0.2% to 23,505.13. These are the top stocks that gained the attention of retail traders and investors through the day: SoFi...

Facebook and Instagram parent company Meta Platforms (NASDAQ:META) has quietly become a favorite target for short sellers, despite the company reporting strong second-quarter financial results. What Happened: More than $11 billion has been bet against Meta by increased short interest in the stock...

Needham upgraded Meta Platforms, Inc. (NASDAQ:META) from Underperform to Hold on Thursday, but the analyst maintained a cautious stance on the stock as it trades near all-time highs.  What To Know: Needham analyst Laura Martin said the upgrade was based on the firm's improved expectations for...

Virtual worlds like Decentraland (CRYPTO: MANA) could be the key to mainstream adoption of Web3 technologies by offering accessible entry points and practical applications, according to Ignacio Palomera, CEO and co-founder of Bondex, a Web3 hiring platform. Speaking with Benzinga, Palomera...

NetVRk has launched a new web application for SilkAI, offering browser-based access to interactive non-player characters (NPCs) designed for use across metaverse platforms and robotics applications. The web app, now live at silkai.com, allows users to create, customize and interact with AI-driven...

In a recent public statement, Grimes, a renowned Canadian musician and former partner of Elon Musk, has expressed skepticism about the ability of Meta Platforms Inc’s CEO, Mark Zuckerberg, to effectively lead the metaverse. What Happened: Grimes, whose legal name is Claire Boucher, took to X...

Meta Platforms Inc (NASDAQ: META) shares came under pressure in 2022 due to cost concerns after the company rebranded from Facebook and laid out a new vision for the future focused on the metaverse. The stock has regained momentum over the past couple of years, surging to new highs as the company...

The Trump Organization, which is privately owned by President Donald Trump, recently filed a new trademark for several cryptocurrency and NFT-related items. Here's a look at what the move means and how Trump could be betting on the future growth of the metaverse. What Happened: Trump is not new to...

At the recent Benzinga Future of Digital Assets event, discussions centered on how blockchain technology is shaping new economic models. Alex Salnikov, co-founder and chief strategy officer of Rarible, explored how wallets and digital identities redefine participation in the metaverse. In a panel...

The term "metaverse" was one of the top trends in 2021 with companies and cryptocurrencies related to the term seeing soaring valuations. While interest in the metaverse has fallen off in recent years, two cryptocurrencies with ties to the metaverse were among the top gainers of the past week. What...

The Benzinga Future of Digital Assets event featured a panel on NFTs and the metaverse, sparking discussions about their long-term potential despite current skepticism. Post panel, Ian Horne, head of content for Money20/20 Amsterdam, shared his perspective on how these technologies may evolve and...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) recently made cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments in the once-hyped sector.  The Details: Alibaba has laid off dozens of employees in its metaverse...

Meta Platforms, Inc. (NASDAQ:META) reported its third-quarter results after Wednesday's closing bell, beating analysts' expectations on the top and bottom lines while indicating higher capital spend to come. Analyst reactions are pouring in.  The Meta Analysts: Bank of America Securities analyst...