Metaverse - Page 2

According to recent reports, Facebook CEO Mark Zuckerberg’s obsession with a digital “metaverse” is becoming a major point of concern and frustration for many employees. According to one former high-level manager, it’s “the only thing Mark wants to talk about.”

While Facebook has hyped the creation of a digital “metaverse,” it has failed to define exactly what it is or how it will create a viable metaverse product — instead, Mark Zuckerberg uses the buzzword to distract from his platform’s many issues.

A Japanese startup firm has reportedly developed a wristband that can deliver electric shocks to its wearer so you can experience pain in the metaverse.

Facebook reportedly plans to implement parental supervision tools for its virtual reality headsets as Americans begin to worry about the safety of children while exploring the online “Metaverse.”

Corporate media tech outlet Protocol notes that Facebook CEO Mark Zuckerberg’s vision of metaverse requires technology that does not yet exist. One expert explains: “The biggest things that we are looking at in supercomputers today still need to be improved in order to be able to deliver [a metaverse] type of experience.”

Social media giant Facebook (now Meta) is reportedly considering shutting down access to its platforms including Instagram in response to EU regulations that may prevent the company from transferring user data to the U.S.

Peter Thiel, the first major investor in Facebook, has announced he will step down from the board of directors for the social media giant (now rebranded as “Meta”) as he focuses on supporting Republican political candidates in 2022.

Facebook CEO Mark Zuckerberg suffered a plunge in net worth of almost $30 billion in one day following a poor earnings report this week. The 26 percent drop in Facebook’s share price represents a historic one-day loss of market value.

Facebook lost more than $232 billion in value following the announcement of the company losing daily users for the first time ever. The humiliating 26 percent drop in the company’s stock price set a record for the largest one-day loss in market value ever in history. The loss is $50 billion more than the previous record holder, Apple’s one-day loss in September 2020 of $182 billion.

Facebook stated as part of its earnings release on Wednesday that the consumer privacy measures recently taken by Apple have made it harder for Mark Zuckerberg’s empire to track every detail of its users’ lives, which will cost the social media giant $10 billion in 2022 due to a decrease in the ability to target advertisements.

Facebook reported its first-ever quarterly decline of daily users globally this week, sending its stock price plummeting by 23 percent in intraday trading on Thursday.

There’s an arms race to capture the “metaverse,” the posited futuristic world of interconnected virtual realities. Microsoft and Facebook are locked in an increasingly expensive battle for control of what they believe to be the future. But where did this hype come from?

Facebook’s decision to shift its focus from social networking to virtual reality worlds, now broadly called the “metaverse,” has caused disarray throughout the company, according to a report in the New York Times. 

Facebook (now Meta Platforms) announced this week that its research team has developed a new artificial intelligence supercomputer that the company believes will be the fastest in the world.

The Wall Street Journal states in a recent article that Microsoft’s latest moves in the gaming and online community space show that while Facebook is attempting to shape the future of the online metaverse, Microsoft isn’t going to allow the social media giant to control it so easily.

Microsoft will acquire Activision Blizzard, the largest video games company in Europe and North America that launched hit titles like World of Warcraft, Call of Duty, and Overwatch, in a deal that values the embattled game developer at $68.7 billion.

Recent patents filed by Facebook (now Meta) reveal how the company plans to generate profit from its metaverse virtual reality platform. According to the patents, Facebook plans to track everything from eye movements to nose twitches as its users explore the new platform.

Digital real estate in the metaverse is reportedly being sold for millions of dollars in some cases as more people buy into the hype of digital reality. One investor spent $450,000 to be the virtual neighbor of rapper Snoop Dogg.

Facebook (now known as Meta) recently lost its head of communications, just the latest in a growing parade of top executives fleeing the company for calmer waters in the wake of a scandal-plagued 2021.

Facebook (now known as Meta) recently announced a number of virtual reality concerts set to take place in its Horizon Venues metaverse — but all three shows were largely ignored by the general public.

Leftist magazine Jacobin has taken aim at Facebook (now known as Meta), stating that the company’s new digital metaverse must be stopped. The magazine claims Mark Zuckerberg has just found another way to “colonize our lives in the name of profit.”

The country of Iceland recently parodied Mark Zuckerberg’s Metaverse announcement in an ad for the country’s tourism services. Facebook’s dreams of separating itself from numerous scandals with a name change continue to be dashed.

In a recent article, New York Magazine outlines why Facebook (now “Meta”) may be overconfident in banking on its new Metaverse product. According to NY Mag,  “In actuality, Facebook is basically spending $10 billion on a prayer that, in the short run, it might change the conversation.”

Andy Yen, the CEO and founder of the encrypted email service ProtonMail recently warned against the privacy issues relating to Mark Zuckerberg’s digital “metaverse.” Yen didn’t hold back, saying: “Facebook talks about privacy because it’s a PR issue for them. At the end of the day, their business model revolves on taking your data and monetizing it. So there is fundamentally always going to be a conflict between what they say and what they actually have to do to make money.”

In a recent article, left-wing outlet Vice News outlines how Mark Zuckerberg’s “Meta” (formerly Facebook) plans to monetize human behavior using its new metaverse VR platform.

In a recent article, left-wing Slate notes that Facebook’s attempt to rebrand itself as “Meta” and focus on a digital “metaverse” does not change the fact that the company’s primary goal is to collect as much personal information about users as possible. The company promises freedom with its new technology, but according to Slate, it amounts to a “high-tech medical exam.”

Tech giant Facebook has rebranded itself with a new name, calling itself “Meta,” in a move that shows the company’s new focus on virtual reality. The Internet is having a field day picking on the odd name and Mark Zuckerberg’s even odder announcement video.

OAKLAND, Calif. (AP) — Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future — what Zuckerberg calls the “ metaverse.”

Social media giant Facebook reportedly plans to create 10,000 new jobs in the EU over the next five years to build its “Metaverse” project.

As Facebook grapples with a number of major scandals in recent weeks, the company has announced plans for a new $10 million fund for creators to develop games for its new “metaverse” project.

This week, Facebook announced Horizon Workrooms, a free app for its Oculus Quest 2 virtual reality headset that marks the company’s latest attempts to bring the modern workplace into the virtual world.

In a recent Facebook post, Facebook Reality Labs VP Andrew Bosworth explained the company’s new “Metaverse” product group.