Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitdeer Reports 1,355 Bitcoin Mined In September While Building AI Capacity
TL;DR: Bitdeer says its September Bitcoin production reached 1,355 BTC, highlighting the miner’s expanding hash rate alongside sep...
IRS plans to reduce penalties and speed up crypto tax disclosures
The IRS's streamlined crypto tax disclosure process may enhance compliance, reduce legal uncertainties, and align digital assets w...
22 Companies Block OKXICE Tokenized Stocks, Putting 63-Share Crypto Plan Under Pressure
Key Takeaways: A total of twenty-two companies have declined to accept tokenization of their shares on the pending OKXICE. Among t...
Securitize Brings 12 U.S. Stocks to Solana With 1:1 Backing and U.S. Investor Access
Key Takeaways: Securitize has added 12 U.S. stock tokens to Solana, such as Apple, Nvidia, Tesla, Microsoft and Amazon. The backin...
Tokenized Deposits vs. Stablecoins: What JPM Coin and USDC Holders Own
USDC holders can transfer tokens without a Circle Mint account, but direct dollar redemption requires one. JPM Coin limits partici...
CoinShares BTF Liquidation Sets Cash Payout And Earlier Options Expiry
TL;DR: CoinShares’ Bitcoin and Ether ETF has reached cash settlement. An OCC notice confirms the payout and brings later-dated BTF...