• About us
  • Contact Us
  • Home
  • Privacy Policy and Disclaimer
TeqGo.com - Tech news
  • News

    How can I save money on Starbucks?

    Do Starbucks workers get stock?

    Can Starbucks hire you at 15?

    Does Starbucks give coffee to employees?

    Why don t Starbucks employees get tips?

    How many stocks do Starbucks partners get?

  • Computer
    How to Realistically Change Hair Color in Photoshop

    How to Realistically Change Hair Color in Photoshop

    How to Blend Images in Photoshop

    How to Outline an Image in Photoshop

    How to Add Texture to an Image in Photoshop

    How to Add Texture to an Image in Photoshop

    How to Export a GIF in Photoshop

    How to Export a GIF in Photoshop

    How to Merge Layers in Photoshop

    How to Undo and Redo in Photoshop

    How to Create a Collage in Photoshop

    How to Create a Collage in Photoshop

  • Gear
    Apple Watch –  Beginners Guide

    Apple Watch – Beginners Guide

    Personal WiFi Routers Help Bring Secure Data Wherever You Are

    Personal WiFi Routers Help Bring Secure Data Wherever You Are

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Mobile
  • Review
    How To Force Reboot Your Apple Watch (And Why You Might Need To)

    Ccleaner for Mac Review

    Adobe Audition Review

    Adobe Audition Review

    Audacity Review

    Audacity Review

    Tenorshare 4MeKey Review

    Tenorshare 4MeKey Review

    Tenorshare ReiBoot Review

    Tenorshare ReiBoot Review

    DxO PureRaw Review

    DxO PureRaw Review

No Result
View All Result
  • News

    How can I save money on Starbucks?

    Do Starbucks workers get stock?

    Can Starbucks hire you at 15?

    Does Starbucks give coffee to employees?

    Why don t Starbucks employees get tips?

    How many stocks do Starbucks partners get?

  • Computer
    How to Realistically Change Hair Color in Photoshop

    How to Realistically Change Hair Color in Photoshop

    How to Blend Images in Photoshop

    How to Outline an Image in Photoshop

    How to Add Texture to an Image in Photoshop

    How to Add Texture to an Image in Photoshop

    How to Export a GIF in Photoshop

    How to Export a GIF in Photoshop

    How to Merge Layers in Photoshop

    How to Undo and Redo in Photoshop

    How to Create a Collage in Photoshop

    How to Create a Collage in Photoshop

  • Gear
    Apple Watch –  Beginners Guide

    Apple Watch – Beginners Guide

    Personal WiFi Routers Help Bring Secure Data Wherever You Are

    Personal WiFi Routers Help Bring Secure Data Wherever You Are

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Mobile
  • Review
    How To Force Reboot Your Apple Watch (And Why You Might Need To)

    Ccleaner for Mac Review

    Adobe Audition Review

    Adobe Audition Review

    Audacity Review

    Audacity Review

    Tenorshare 4MeKey Review

    Tenorshare 4MeKey Review

    Tenorshare ReiBoot Review

    Tenorshare ReiBoot Review

    DxO PureRaw Review

    DxO PureRaw Review

No Result
View All Result
TeqGo.com
No Result
View All Result
Home Computer

Meta Pulls NFT Support, Plans 10,000 Additi…

Staff by Staff
March 14, 2023
Meta Pulls NFT Support, Plans 10,000 Additi...
Share on FacebookShare on Twitter


In 2022, Meta CEO and founder Mark Zuckerberg was repeatedly chastised for plowing funds into the company’s metaverse projects. Meta isn’t giving up on the metaverse, but Zuckerberg has deemed 2023 a “Year of Efficiency.” As part of that new commitment, Meta has announced it will stop supporting NFTs. However, Meta’s newfound efficiency also comes with another massive round of job cuts.

NTFs were the internet’s favorite new plaything in 2021 and into the first half of 2022. As cryptocurrency prices skyrocketed, so did the value of these digital items. Who would have thought an ugly JPEG of a monkey could be worth hundreds of thousands of dollars? In 2023, the market has cooled along with crypto prices. Many metaverse projects have woven NFTs into the experience, and it looked like Facebook was planning to go in that direction with its metaverse play. Now, it’s changing course.

According to Meta’s head of Commerce and FinTech, Stephane Kasriel, the company is trying to prioritize its activities. It would seem that NFTs aren’t the best way to “support creators, people, and businesses,” in Kasriel’s words. These exclusive digital items aren’t outright banned from the Facebook and Instagram platforms, but they won’t be integrated with Meta products. In the coming weeks, the company will end its support for minting NFTs on Instagram and sharing NFTs via both Facebook and Instagram.


Tweet
(opens in a new tab)

According to a new blog post from Zuckerberg, The goal is to create a “flatter” and “more nimble” company in 2023. That’s business-speak for layoffs. The company will terminate about 10,000 employees and cancel hiring for 5,000 open roles. Zuck says that managers will have no more than 10 direct reports, and that will require major reorganization over the coming months. Meta hopes that giving employees more warning about the layoffs will help soften the blow — the company caught flak for the abrupt nature of last year’s layoffs.

Meta may be in this leaner mode indefinitely. “I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” says Zuck. The company’s heavy metaverse spending in 2022 saw its stock price dip by more than half, but this sort of tough talk about spending always boosts the stock price. The last round of layoffs bumped the price by about 20%, and today’s moves have already added 8% to Meta’s value.





Source link

Staff

Staff

Next Post
OpenAI's GPT-4 has some limitations that are fixable — and some that are not – GeekWire

OpenAI's GPT-4 has some limitations that are fixable — and some that are not – GeekWire

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Ryobi Just Introduced 17 New Products To Its Lineup – Here Are Our Favorites
  • Clever Ryobi Products Everybody At The Tailgate Will Be Jealous Of You For Having
  • How to Realistically Change Hair Color in Photoshop
  • How to Outline an Image in Photoshop
  • How to Add Texture to an Image in Photoshop
  • How to Export a GIF in Photoshop
  • How To Spot Fake Customer Reviews When Buying Tech Gadgets Online
  • 5 Of The Best Apple Watch Apps For Hikers
  • How To Make Your iPhone’s Screen Black And White (And Why You Should)
  • About us
  • Privacy Policy and Disclaimer
  • Software Reporter Tool
  • Numizmatika
  • Pro Tools Guide
  • Contact Us

© 2019-2023 TEQGo.com

No Result
View All Result
  • Review
  • Computer
  • News
  • Gear

© 2019-2023 TEQGo.com