Nasdaq FB FaceBook

(RTTNews) - Early testing of Metaverse has already led to complaints of groping in the virtual world. Mark Zuckerberg's company Meta, Inc. (FB) opened its access to Horizon Worlds through virtual reality headsets back on December 9 after Zuckerberg rebranded his company in

The Biden administration on Friday recommended the Federal Communications Commission grant Alphabet's Google and Facebook-parent Meta licenses for an undersea cable.

Wall Street's main indexes fell on Friday, weighed down by cyclical stocks linked closely to the economy, as investors digested the Federal Reserve's decision to end its pandemic-era stimulus faster.

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Wall Street's main indexes fell on Friday as big technology-related shares tumbled, reeling from the Federal Reserve's decision to end its pandemic-era stimulus faster.

Investors are abuzz about the metaverse. This term catapulted into the mainstream in late October when the social media giant formerly known as Facebook announced it was changing its corporate name to Meta Platforms (NASDAQ: FB) to reflect its focus on the metaverse.The metaverse

Facebook's name change to Meta certainly caused a stir when it was announced in October, but in light of an inflation-driven tech stock sell-off on Wall Street, it seems that the move has already helped to protect the company’s market cap.

The Nasdaq index is set to open lower on Friday as big technology-related shares tumbled, reeling from the Federal Reserve's decision to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.

Alibaba (NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 19, 2014. It raised $25 billion and eclipsed Meta Platforms (NASDAQ: FB) as the largest U.S. IPO in history.

The Nasdaq led declines among U.S. stock index futures on Friday as big technology-related shares tumbled, reeling from the Federal Reserve's decision move to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.

The Meta Platforms (NASDAQ: FB) app Instagram recently surpassed 2 billion monthly active users, adding about 1 billion new ones around the world over the past three years. That's despite stiff competition from TikTok and Snap's (NYSE: SNAP) Snapchat, among others, during that pe

Reddit users have helped fuel dozens of "meme" stock rallies this year, from retailer GameStop Corp to movie operator AMC Entertainment Holdings Inc. Some analysts are skeptical this will be the social media platform's saving grace as it prepares to sell its own shares in the stock market.

Despite a return of volatility on Wall Street over the past couple of weeks, it looks like it will be another special year for equities. Through Wednesday, Dec. 15, the widely followed S&P 500 had logged 67 record-closing highs in 2021. Its year-to-date return of 25% has also

Few of us have saved enough for retirement, so most of us should be actively saving and investing for the future. Ideally, we will double however much we have saved by now, and then double it again and again.Here are five money-doubling strategies to consider.

Meta Platforms-owned Facebook (FB) is closing in on regulatory approval for the proposed acquisition of Kustomer. Citing people familiar with the matter, Reuters reports that the social networking giant could secure E.U. antitrust approval after offering strong remedies. FB stocks fell 1.98% to close at $334.90 on December 16.

Meta Platforms is a social networking company that develops and offers applications to connect through mobile devices, personal computers, and other technologies. Its products include Facebook, WhatsApp Messenger, and Instagram. Meta Platform's earnings report for Q4 2021 is scheduled for February 2, 2022.

Kustomer Acquisition

The E.U. antitrust authority is poised to make a final decision on the deal by January 28 of next year. The German cartel office has urged Facebook to seek approval for the deal, having already secured regulatory approval in Britain and Australia.

Some of the remedies that Facebook is offering include allowing rival products to function with Kustomer after the acquisition. The customer service startup offers CRM software for businesses. Its offerings allow businesses to communicate with customers by phone, email, and text messages, among other channels.

The European Commission had initially raised concerns that if the deal is allowed to go through, it could hurt competition. Additionally, there were concerns that the acquisition could strengthen Facebook’s online advertising operations.

In its defense, Facebook insists the acquisition will strengthen competition and, most importantly, bring more innovation to businesses and consumers in the competitive CRM and business messaging spaces.

Stock Rating

Earlier this month, HSBC analyst Nicolas Cote-Colisson reiterated a Hold rating on Facebook stock with a $300 price target, implying 10.42% downside potential to current levels.

According to the analyst, FB's investment case remains a fragile balance between heightened regulation and business opportunities. The Hold rating on Facebook stock stems from the high regulation risk.

Consensus among analysts is a Strong Buy based on 29 Buys and 6 Holds. The average Facebook price target of $406.31 implies 21.32% upside potential to current levels.

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In Boeing Co's factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headsets made by Microsoft Corp.

Is social game developer Zynga (NASDAQ: ZNGA) worth a second look for investors right now? In this segment of Backstage Pass, recorded on Dec. 1, Fool contributors Brian Feroldi and Brian Withers discuss.

The U.S. Federal Trade Commission has initiated an in-depth probe of Meta Platform Inc's $400 million deal for the developer of Supernatural, a virtual reality (VR) based fitness app, a move that is expected to slow down its completion, news portal The Information reported https://bit.ly/3IWqDkg on Thursday.

Real estate investment trusts (REITs) should finish 2021 as one of the stock market's top performing sectors, barring a surprise late-year disaster. And investors positioned in the best REITs could be set up for a productive 2022.

Facebook owner Meta Platforms Inc is calling out half a dozen private surveillance companies for hacking or other abuses, accusing them in a report published Thursday of collectively targeting about 50,000 people across its platforms.