Citadel Advantage News Digest

Read / Subscribe to the “Citadel Advantage News Digest” 

In this edition -

• "CBDCs: a potential game-changer for treasurers"
• "Why Meta Dropped 70%"
• "Ex-FTX boss Bankman-Fried: 'I didn't try to commit fraud' "
• "Examining the revolution in mobile banking”

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

CHECK IT OUT HERE>>.

Why Meta Dropped 70%

Meta's dramatic fall from the top, and the reasoning behind it.

Tech Leaders Discuss the Metaverse’s Future

It’s one topic that came up again and again at WSJ Tech Live: the metaverse. While Mark Zuckerberg is spending billions on the virtual platform, tech leaders from Snap CEO Evan Spiegel to Oculus creator Palmer Luckey explain why they’re metaverse fans or skeptics.

Meta’s Flagship Metaverse Is Glitchy and Mostly Empty

Nearly a year after CEO Mark Zuckerberg announced the rebranding of Facebook as Meta and a shift in strategy to focus on the metaverse, internal documents show the company falling short of its goals. 

WSJ tech reporter Meghan Bobrowsky joins host Julie Chang with the details.

U.S. vs. China: A Metaverse Divided Over Design and Rules

The metaverse race is heating up in China. Just like Meta and Microsoft in the U.S., Chinese firms such as Baidu and Tencent are investing in the nascent industry, but strict tech regulations mean China’s virtual worlds are set to offer very different user experiences.

Remember Second Life? It’s Now Taking On Big Tech’s Metaverse

Second Life – yes, the virtual world from the ‘00s – is staging a comeback to challenge tech giants like Meta that are throwing billions into the metaverse. Its creator explains to WSJ how he plans to refresh the platform – no VR headsets required.