Profits for America’s tech firms continue to soar and there are few signs they will face tougher rulesIf anyone needed convincing that the pandemic would turbo-charge sales at America’s largest tech firms and send profits soaring, this week’s quarterly…
Facebook’s metaverse gambit is a distraction from its deep-seated problems
Facebook’s problems aren’t sexy to solve, so it has found a distraction.
States Say They Will Appeal the Dismissal of Their Facebook Antitrust Suit
More than 40 state attorneys general on Wednesday said they planned to appeal the dismissal of their antitrust lawsuit against Facebook, setting up a protracted legal fight to rein in the power of the Silicon Valley giant. From a report: The states wou…
Dan Olsen leads a product-market fit masterclass for the Startup Alley+ cohort
Yes Virginia, there are advantages to exhibiting in (the sold-out) Startup Alley at TC Disrupt 2021. Out of all the early-stage startups ready to exhibit on September 21-23, Team TechCrunch hand-picked 50 to form the Startup Alley+ cohort. Startup Alley+ is a VIP experience designed to help founders grow their business and increase their opportunities […]
Facebook recalls 4 million Quest 2 VR face liners over “rashes and hives”
All Quest 2 systems pulled from shelves ahead of August price, storage refresh.
Facebook Creates New Unit To Build a ‘Metaverse’
Facebook has announced it is forming a new Metaverse product group to advance its efforts to build a 3D social space using virtual and augmented reality tech. From a report: In an interview with journalist Casey Newton, Facebook CEO Mark Zuckerberg sai…
Facebook Pauses Sales of the Oculus Quest 2 Due To Face Irritation Concerns
Facebook said on Tuesday that it is temporarily halting sales of the Oculus Quest 2, a month before a planned update to a new entry-level model with more onboard storage. The move comes after several reported cases of skin reactions to the headset’s in…
Facebook, Twitter and Other Tech Giants To Target Attacker Manifestos, Far-right Militias in Database
A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook and Microsoft is significantly expanding the types of extremist content shared between firms in a key database, aiming to crack down on material from w…
Facebook is Now Aggressively Courting a New Partner: Churches
When the 150,000-member “megachurch” Hillsong opened a branch in Atlanta, its pastor Sam Collier says Facebook suggested using it to explore how churches can “go further farther on Facebook…” reports the New York Times:
He is partnering with Facebook…
Snap had its best quarter in four years
If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]