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Meta COO Sheryl Sandberg steps down

Meta Chief Operating Officer Sheryl Sandberg is to step down from the social media company she managed with founder Mark Zuckerberg. Her 14-year tenure marks an end to an era, one where Facebook rose into the global collective consciousness and helped drive the fashion industry’s shift to digital. Sandberg, who will remain on Meta’s board, is...

Jun 2, 2022

Retail

Facebook owner Meta Platforms to test sale of virtual goods

Meta Platforms (FB) said on Monday that it will soon start testing tools to sell digital assets and experiences inside its virtual reality platform Horizon Worlds. This move is an important part of the company's plan to create a metaverse. Meta said in a statement, "The tools will be available initially to an hand-picked set of users who are...

Apr 13, 2022

Fashion Featured

Meta's platforms are hotbeds for counterfeit goods

Facebook parent Meta is a hotbed for counterfeit goods, with fake items from Gucci to Chanel widely available on its platforms and social media apps. Research from Ghost Data says Meta’s apps continue to provide lucrative channels for sellers of fake consumer goods all over the world. “Particularly Meta and its subsidiaries have developed a...

Feb 10, 2022

Business

Amazon just gained 190 billion in value

Last week was a big week for tech, with Amazon cementing its global superpower after it delivered its Q4 results. It beat Apple with the biggest one day stock market surge, which saw its market capitalisation increase by 190 billion dollars by end of trading on Friday and valuing the company at 1.3 trillion dollars. In contrast, the value of...

Feb 6, 2022

Business

Instagram to introduce trial subscription service for creators

Social media giant Instagram has revealed a new way it plans to help creators make a living through its platform, with the trial launch of its monetisation feature Instagram Subscriptions. The service will allow creators to grow their monthly income by offering subscribers exclusive content and benefits through the app. The implementation will...

Jan 24, 2022

Fashion Featured

The Metaverse needs physical stores to reach new audiences

The opportunities for virtual worlds and metaverses may still be reliant on physical retail, where shoppers are continuing to spend the majority of their time and dollars. In a report released by the New York Times last week, Meta – formerly known as Facebook – is planning to build physical stores in order to build its Metaverse. The social...

Nov 9, 2021

Culture |Opinion Featured

A new name for Facebook can't escape its reputation

Back in 2019 Facebook changed its name to FACEBOOK. All big and bold letters, with extra curvature around the edges and a colour refresh to make it look more “empathetic.” The capital letters were meant to proudly “harmonise” the social media giant’s companies, with its re-design evoking “clarity and openness” it said at the time. Of course...

Oct 29, 2021

BusinessFeatured

Facebook changes name to Meta as part of metaverse focus shift

During the annual Connect 2021 conference, CEO Mark Zuckerberg announced the organisation Facebook will be changing its name to Meta, as part of the company’s shift to “bring the metaverse to life”. Bringing together all of its apps and technologies, including WhatsApp, Instagram and Facebook, under the new umbrella, the latest transformation...

Oct 29, 2021

Fashion Featured

Can wearable tech be fashionable? Meet Facebook x Ray-Ban's new smart glasses

The Augmented Reality market has seen unprecedented growth since 2019, but AR glasses, often aesthetically bulky and ugly, were yet to experience a leap to adoption by the fashion industry. Google’s glasses are in case in point: in public nobody wants to wear a visible tech gadget on their face. Facebook earlier this year came up with an AR...

Sept 10, 2021

Business

Instagram begins testings ads in its Shop tab

Business ads may soon be introduced in the Shop section of the popular social media app, Instagram. The mobile-only feature will be introduced to the global marketplace over the coming months. The Instagram shopping feature was launched in 2020, with the option for in-app customer checkouts and for fashion brands and other retailers to tag...

Aug 10, 2021

Fashion Featured

Facebook debuts new shoppings tools across Instagram and its platforms

Facebook Inc. is adding new shopping tools to its platforms, including visual discovery on Instagram. The company is testing a new search function, powered by AI, to help users find similar products, such as a floral dress, just by tapping an image of a dress they like. Soon Instagram will make it possible for people to take photos from their...

Jun 23, 2021

People

Facebook names first-ever chief business officer

Facebook has appointed its first-ever chief business officer. Marne Levine, who was the social media group’s vice president of global partnerships, will lead the company’s marketing and sales teams, along with its partnerships team that works across several business areas. The role reports to Sheryll Sandberg, Facebook’s longstanding chief...

Jun 4, 2021