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Meta’s Financial Report: Balancing Growth and Losses in Pursuit of the Metaverse

Mark Zuckerberg first talked about artificial intelligence while calling Meta's earnings. Then he talked about the metaverse, praising his company's headsets, glasses, and operating system....

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EU Parliament Votes in Favor of Law to Audit Supply Chains

On Wednesday, the European Parliament made a significant decision by voting in favor of a new law that mandates larger companies operating within the bloc to scrutinize their supply chains for potential instances of forced labor or environmental harm. The legislation, known as the Corporate Sustainability Due Diligence Directive (CSDDD), was approved by 374 votes to 235, with 19 abstentions. The directive imposes fresh obligations on companies to conduct comprehensive audits of both their "upstream" partners involved in design or manufacturing and their "downstream" partners responsible for transportation, storage, and distribution of products. Critics argue that the directive imposes additional layers of regulatory burden on businesses, potentially resulting in severe penalties, putting European companies at a disadvantage compared...

GoFundMe Takes a Leap into Mexico for International Expansion

GoFundMe, the renowned crowdfunding platform, has recently expanded its services to Mexico, marking its entry into the Latin American market. CEO Tim Cadogan stated that Mexico's position as one of the world's top 15 economies and its close ties with the United States make it a natural fit for GoFundMe's expansion. The decision to include Mexico came after observing high search volumes and user interest in launching campaigns within the country. Mexico, a nation prone to natural disasters and with significant healthcare expenses, presents a ripe opportunity for GoFundMe's offerings. Despite the country's resilience in facing challenges like Hurricane Otis, where the community raised substantial funds for recovery, Mexicans themselves were unable to initiate campaigns due to geographic...