Meta CEO Mark Zuckerberg has directed a team to develop a new prediction market app named "Arena," aiming to compete with existing platforms like Polymarket and Kalshi. The app will initially allow users to place bets using video game points instead of real money, though real money betting may be introduced later. This effort follows Meta's previous attempt with a similar app called Forecast, which was launched in 2020 but shut down two years later. The move reflects Meta's strategy to enter growing markets, similar to its past launches of Stories and Reels to compete with Snapchat and TikTok respectively.
Vanguard's S&P 500 ETF (VOO) charges a very low fee of 0.03%, making it one of the cheapest index funds, but it is heavily weighted towards a few large tech companies, especially those in AI. This concentration means investors are exposed to risks fr...
The 'Magnificent Seven' group of Big Tech stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and Nvidia, entered correction territory as concerns over rising AI spending and persistent inflation impact their valuations. The Roundhill ...
Meta, led by Mark Zuckerberg, is developing a new prediction market app named Arena, which will operate independently from its social media platforms. Unlike typical prediction markets involving real money, Arena will initially function as a game whe...
Meta, led by Mark Zuckerberg, is quietly building a standalone prediction markets app called "Arena" that lets users predict outcomes in sports, politics, and news events using a points system. Unlike existing platforms that use real money, Arena wil...
The European Union is close to issuing preliminary findings in its investigation of Meta, alleging that Facebook and Instagram are intentionally designed to be addictive to children. The probe, under the EU's Digital Services Act, could lead to fines...
