Facebook became Meta one year ago: Here’s what it’s achieved
The company changed its name on Oct. 28, 2021, reflecting growing ambitions to transcend beyond social media and into Web3 and the Metaverse. Go to Source Powered by WPeMatico
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The company changed its name on Oct. 28, 2021, reflecting growing ambitions to transcend beyond social media and into Web3 and the Metaverse. Go to Source Powered by WPeMatico
Meta’s Reality Labs division lost $3.672 billion in the third quarter. Some shareholders aren’t happy with the company’s oversized investment in metaverse technology. Go to Source Powered by WPeMatico
The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously that Meta was a good investment. “I failed to help people. And I own … Read more
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year. Go to Source Powered by WPeMatico
Mark Zuckerberg’s tech empire has a long history of using centralized systems to hurt users. Now it’s trying to join Web3. Go to Source Powered by WPeMatico
Meta’s VP of Metaverse, Vishal Shah, acknowledged that Horizon Worlds, the flagship app that Meta uses to show the potential of its metaverse, still has many problems affecting its usability. In a recent memo, Shah explains that even Meta’s employees are not using the app so much, and hints at the establishment of time quotas … Read more
Mark Zuckerberg’s little league baseball card has been tokenized and will be put up for auction, and Lamborghini has introduced a new utility for its second round of NFTs. Go to Source Powered by WPeMatico
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,” the lawmakers wrote. Senators Want Answers From Mark … Read more
A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media. Go to Source Powered by WPeMatico
Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm’s XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next line of Meta’s VR application, including future headsets for … Read more