Meta is set to create a new VR world for teens as it expands its Oculus headset options. The company said it noticed that there was large population of users aged 13 to 17-years-old but those users lacked access to their own accounts. Cheddar News reporter Michelle Castillo talked about the backlash the platform received following the announcement, particularly after Meta came under fire for its safety practices for teen users.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
