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Crypto-News-Flash
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Crypto Market Braces for Volatility with Key Macro Data and Earnings Ahead
- The outcome of the US presidential election is expected to impact the crypto market.
- The US GDP report for Q3 2024, expected on October 30, will be a determining factor for market stability.
- Nonfarm Payrolls data released on November 1 will influence investor sentiment and demand for digital assets.
- The upcoming US presidential election and the mega-cap earnings reports from companies like Alphabet, Microsoft, Meta, Amazon, and Apple will significantly impact the crypto market.
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Immersivelearning
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Purdue Global School of Nursing leader to present on VR at Meta conference
- Abbey Elliott, the Associate Dean of Innovation and Wellness for the School of Nursing at Purdue Global, will speak at Meta's Educators Community Summit about the success of using Meta Quest headsets and VR in higher education settings.
- Purdue Global has integrated VR into nursing programs, with 92% of nursing graduate students reporting feeling better prepared for clinical practice after using VR.
- The VR programs have allowed students to practice on simulated patients from anywhere at any time, improving convenience and accessibility.
- Purdue Global aims to expand VR and extended reality opportunities to students in various programs, including law, criminal justice, and science, in addition to nursing programs.
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Skarredghost
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Meta Quest 3S review: the way to go for mainstream MR
- Meta Quest 3S is a mixed reality headset released by Meta as a spiritual successor of Quest 2, with a price as low as $300.
- Quest 3S downgrades Quest 3 by using old lenses and display technology but keeps Quest 3’s new chipset and mixed reality capabilities.
- Specifications of Meta Quest 3S include 1832x1920 pixels resolution, single LCD display, 90Hz refresh rate, Snapdragon XR2 Gen2 processor, 8GB RAM, 96°x90° FOV, 514g weight, inside-out tracking, and RGB passthrough.
- The headset offers good visual quality, mixed reality, hand tracking, and comfortable fitting mechanism with some rough edges and tradeoffs.
- The device is powered by a Qualcomm Snapdragon XR2 Gen2 chipset that enables a new generation of content with higher graphics.
- Quest 3S has a wide library of content that can cater to various sectors beyond gaming like productivity, meditation, or lifestyle.
- Meta offers the possibility of using the Quest 3S inside your company with a business license and a discounted price for bulk orders.
- Quest 3S is a good and affordable device for average consumers and kids who want to play XR games.
- The headset is not perfect but offers one of the best value for the price and may sell more or less like Quest 2, around 20-30M devices.
- Quest 3S is not ideal for fanatics of PCVR or PSVR games or for professional use, who may benefit from more expensive headset models.
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Analyticsindiamag
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Meta Launches NotebookLlama, an Open Source Alternative to Google’s NotebookLM
- Meta has released an open source equivalent of Google’s viral podcast tool, NotebookLM, called NotebookLlama.
- NotebookLlama is built on Meta’s Llama models and generates conversational, podcast-style summaries from uploaded text files.
- While the quality may be more robotic compared to NotebookLM, NotebookLlama provides insights into the techstack and offers flexibility for developers.
- Meta's Llama models are gaining popularity globally, and with the upcoming Llama 4, they are expected to become the global standard in AI.
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Massivelyop
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MMO Week in Review: For WoW’s birthday, you’re giving it another $90
- World of Warcraft caused controversy by releasing a $90 pay-to-win mount with features baked in and launching it on the same day Microsoft, who have laid off 2500 game workers this year, boosted their CEO's pay by 63%.
- This week's MMO news included checking in on New World, political spam in global chats, learning that the Dauntless studio was secretly bought, the larger launch of Wayfinder and the launch of the Brighter Shores closed beta along with concerns for the state of Corepunk.
- There are still plenty of MMO Halloween events to come, we rounded up all that we could find in this MMO Week in Review.
- Other news this week included Neverwinter reassuring its fans after layoffs and Guild Wars 2 themed CCG coming to Steam.
- A number of opinion pieces were published on MMOs and game design, from the MMO world you don't control to alternate trinities in MMORPGs.
- Other MMOs mentioned this week include Tarisland's Blight Dragon Elegy and restructure and layoffs at NCsoft Korea.
- Events played out in Albion Online and No Man's Sky launches its spoopy 16th expedition, The Cursed, just in time for Halloween.
- This week's casts and streams included checking out Throne & Liberty’s Halloween event and The Stream Team playing Final Fantasy XIV, Guild Wars 2 and Headbangers Rhythm Royale’s Battle of the Dancers.
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Minis
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X employee who slept on floor in viral pic gets top Meta job a year after being laid off by Elon Musk
- Esther Crawford, a former employee of X, who gained attention after a viral picture of her sleeping on the floor inside the company headquarters, has now secured a prominent position at Meta as the Director of Product for Messenger.
- Despite being laid off by Elon Musk last year, Crawford's expertise and experience have led her to this new role. In her announcement on social media, she expressed excitement about working on initiatives to enhance human connections through technology.
- Crawford's appointment has garnered positive reactions, with many expressing anticipation for the innovative contributions she will bring to Messenger.
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Minis
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The average salary of Facebook, Instagram and WhatsApp employees across the world
- Meta's recent filing reveals that the median salary of its employees, including those at Facebook, Instagram, and WhatsApp, stands at a staggering $379,000.
- Meanwhile, CEO Mark Zuckerberg pocketed $24.4 million in 2023, primarily for security expenses. Despite his symbolic $1 salary, his compensation underscores his integral role in Meta's image. The filing justifies the substantial security costs, citing Zuckerberg's association with the company's public perception.
- With an estimated net worth of $176 billion, largely from Meta stock, Zuckerberg's compensation represents a fraction of his wealth. These figures shed light on the significant earnings gap within the tech giant.
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Minis
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Why has my WhatsApp gone green? Design change leaves users with mixed feelings
- WhatsApp users on iOS were taken aback as the app's color scheme shifted from blue to green, prompting a mix of reactions.
- Meta, the parent company, cited the update as part of a broader effort to enhance accessibility and user experience. The change, mandatory for all users, includes redesigned icons and increased button spacing for easier navigation.
- While Android users will also notice a shift in icon shade, the update primarily affects iOS devices. Some users expressed dissatisfaction, with one stating, "Who the hell told WhatsApp that all this green was a good idea??" Despite varied sentiments, the transition remains inevitable.
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Minis
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Mark Zuckerberg, wife Priscilla Chan lay off 48 employees from their Philanthropic Organisation
- The Chan Zuckerberg Initiative (CZI), a charitable organization founded by Meta (formerly Facebook) CEO Mark Zuckerberg and his wife Priscilla Chan, has reportedly laid off around 48 employees.
- CZI, which was established in 2015, focuses on various philanthropic efforts, including education and healthcare initiatives.
- Impacted employees were offered a severance package that includes 16 weeks of base pay, continued health insurance, and a $10,000 stipend.
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Minis
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Mark Zuckerberg’s Meta reportedly rehires ‘dozens’ after slashing 21,000 jobs
- Meta reportedly rehires dozens of the 21,000 laid-off employees in recent weeks, particularly in engineering and technical roles.
- Despite cost-cutting efforts, Meta resumes hiring in specific areas due to improved fortunes.
- Rehiring focuses on experienced former engineers with strong performance records, even accepting lower roles and pay.
- Stock surges by over 145% to around $306/share since January, driven by financial improvements and new products like Threads.
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Minis
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Resurfaced text reveals Zuckerberg's derogatory remarks about early Facebook users
- Messages sent by a 19-year-old Mark Zuckerberg have recently resurfaced, revealing derogatory comments about early Facebook users who trusted him with their personal information.
- Zuckerberg referred to early Facebook users as "dumb f***s" for sharing personal details like emails, pictures, and addresses, indicating a breach of trust between the platform and its users.
- Meta, formerly known as Facebook, faced criticism for its app Threads, accused of tracking and collecting sensitive user data, including health and financial information, as well as location data.
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Minis
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Ex-Meta employee pauses job search for vacation, encourages other job seekers to do the same
- Layoffs have made the tech job market highly competitive, with millions of tech professionals seeking better opportunities worldwide.
- A former Meta employee gained attention on LinkedIn by advocating taking a break from the job search to prioritize mental health. He shared his vacation experience, encouraging others in a similar situation to do the same.
- Meta, the parent company of Facebook, announced large-scale layoffs affecting thousands of employees. Despite this, Meta was ranked as one of the top-paying public companies in 2022, with a median salary of USD 300,000, according to an analysis by MyLogIQ.
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Minis
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I'll train Elon Musk for fight with Mark Zuckerberg: Andrew Tate after Meta ban
- Former professional kickboxer Andrew Tate, who was banned from all Meta platforms in 2022, has extended an offer to train billionaire Elon Musk for a potential cage match against Meta CEO Mark Zuckerberg.
- Tate claims that he was banned from Meta platforms for speaking out about vaccines and sees the potential fight as a way to "restore honour" by striking at the leader of the opposing "clan."
- The offer from Tate was made on Twitter, where he expressed his willingness to train Musk for the hypothetical match between the two tech moguls.
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Minis
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Meta shareholders reject proposal to investigate company's political entanglement in India
- Shareholders of Meta (formerly Facebook) voted against Proposal 7, which called for an inquiry into allegations of political entanglement and content management biases in Meta's operations in India.
- The rejected proposal aimed to conduct a "nonpartisan assessment" focusing on the utilization of the platform in fomenting ethnic and religious conflict and hatred.
- Meta argued in a proxy statement that the requested report was unnecessary, indicating a disagreement with the need for an independent investigation into these allegations.
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Minis
1y
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Image Credit: Minis
Meta fined $1.3 billion by EU for sending user data to US: Report
- Meta Platforms Inc, owner of Facebook, has been fined $1.3 billion by EU privacy regulators for transferring user data to the United States.
- The Irish Data Protection Commission found that Meta's data transfers did not adequately address the risks to users' fundamental rights and freedoms.
- Meta has been given five months to suspend future data transfers to the US and six months to stop unlawful processing and storage of transferred EU data in the US.
- Despite the fine, the impact is expected to be mitigated by a transition phase and the possibility of a new EU-US data flows agreement in the near future.
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