Meta is developing a new prediction market app to compete with Polymarket and Kalshi, the New York Times first reported, after CEO Mark Zuckerberg directed a small team to start building the new product internally called “Arena.”
Meta on Tuesday said it's launching a new line of smart glasses, dubbed Meta Glasses, starting at $299. These glasses are being made in partnership with EssilorLuxottica, but unlike the tech giant's other smart glasses, they don't carry Ray-Ban or Oakley branding.
Meta Platforms on Tuesday announced a new range of AI smart glasses in partnership with EssilorLuxottica , starting at $299.
Meta on Tuesday announced a new set of smart glasses called Meta Glasses with new designs and a starting price of $299. That's at least $80 less than the price tag for the company's entry-level second-generation Meta Ray-Ban glasses.
Meta Platforms (META) has been discounted by the market due to its AI capex and monetization risk. Results demonstrate improving engagement and over 30% revenue growth with expanding margins, attributable to its in-house AI tools. The Adj PE of 11x for 2026 and under 15% EPS growth forecast seems to underestimate and undervalue Meta's monetization skills.
The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Indian fintech startup Cred will raise $900 million in funding at a valuation of over $4 billion on Monday. Meta led the funding round and will be a minority investor in Cred.
Meta said on Monday it will pause an internal program that tracks employee mouse movements and digital activity for AI training as the social media giant investigates data security concerns.
Meta Platforms (META) closed at $563.85 in the latest trading session, marking a -2.32% move from the prior day.
Meta has invested $900 million in India's Cred, and hired its founder to oversee WhatsApp. The deal values Cred at $4.5 billion, and gives Meta a minority share in the company, though no access to customer information, the startup said in a Monday (June 22) news release.
Instagram is expanding its ambitions beyond mobile screens, rolling out new television features that position the Meta-owned platform more directly against streaming services for viewer attention in the living room.
Meta is betting on India for WhatsApp's next chapter, naming entrepreneur Kunal Shah to lead the messaging app and succeed Will Cathcart, who is stepping down after nearly seven years at the helm to take on a new product-building role at the company.