Facebook suffers first ever fall in revenues as advertising slows
2 years, 4 months ago

Facebook suffers first ever fall in revenues as advertising slows

The Telegraph  

Mr Zuckerberg, 38, bet big on the metaverse last year in an effort to return the company to growth. On Wednesday, the US Federal Trade Commission filed an injunction to block Meta’s purchase of Within, a virtual reality company, and accused Mr Zuckerberg of an “illegal acquisition to expand virtual reality empire”. Revenues from its WhatsApp messaging app and virtual reality division, which manufactures the Quest virtual reality goggles, have never rivalled its bigger social media brands. Meta’s Facebook, Messenger, Instagram and WhatsApp apps are used by over 3.6bn people each month, with revenues primarily driven by digital advertising. The company’s Instagram product, for a long time the key driver behind its growth, was also plunged into an identity crisis this week after some of its most popular celebrity users, including Kylie Jenner, criticised the app’s design changes.

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History of this topic

Facebook’s new AI-driven feed is causing people to spend way more time on their phones, Meta reveals
1 month, 3 weeks ago

Facebook’s new AI-driven feed is causing people to spend way more time on their phones, Meta reveals

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Facebook and Instagram users have significantly increased their screen time since a new …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
4 months, 3 weeks ago

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

The Hindu  

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. "Any apprehensions investors may have had about Meta's spending on AI and the metaverse are likely to be allayed by this quarter's …

Meta reports revenue jump as Zuckerberg sees stock volatility over AI plans
7 months, 4 weeks ago

Meta reports revenue jump as Zuckerberg sees stock volatility over AI plans

The Hindu  

Meta on Wednesday reported quarterly revenue of $36.46 billion, up by 27%, when compared to last year, as CEO Mark Zuckerberg hailed the company’s AI product releases and stressed on his aim to share them with more customers and begin monetising the offerings. Zuckerberg pointed out that the new Meta AI chatbot, powered by the company’s open source and most …

Facebook parent Meta declares first dividend, shares jump 12%
10 months, 3 weeks ago

Facebook parent Meta declares first dividend, shares jump 12%

Hindustan Times  

Meta Platforms issued its first ever dividend days ahead of flagship social network Facebook's 20th anniversary, while reporting revenue that beat expectations as a result of robust ad and device sales in the holiday shopping period. Meta forecast first quarter revenue of $34.5 billion to $37 billion, above Wall Street expectations of $33.8 billion. Improvements to the social media business …

Meta Q3 Results: Facebook parent beats revenue, profit estimates
1 year, 1 month ago

Meta Q3 Results: Facebook parent beats revenue, profit estimates

Live Mint  

Meta Platforms, the owner of social media platforms Facebook and Instagram, beat expectations for third-quarter profit and revenue on Wednesday led by a recovery in digital advertising spending. Meta, which also owns WhatsApp, reported a 23% rise in revenue to $34.15 billion for the quarter ended September, growing at the quickest pace in two years. The company forecast 2024 spending …

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
1 year, 1 month ago

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

Associated Press  

Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. “With its sustained upward trajectory, robust user engagement, and strategic cost optimizations, Meta is not only navigating choppy waters but also setting the course for uncharted territories of growth.” Meta, …

Facebook scraps multimillion-pound funding scheme as Sir Nick Clegg project fails
1 year, 3 months ago

Facebook scraps multimillion-pound funding scheme as Sir Nick Clegg project fails

The Telegraph  

Facebook’s Community News scheme was previously described by Sir Nick as something that “keeps journalism sustainable”. At the time of the tab’s 2018 launch, Facebook was under fire for allowing Russian troll farms to spread disinformation, including one notorious fake news factory linked to late Wagner mercenary chief Yevgeny Prigozhin. The Community News scheme helped Meta deflect criticism that its …

Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 4 months ago

Meta posts higher profit, revenue for Q2 as advertising rebounds

The Hindu  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 4 months ago

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds

Associated Press  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 7 months ago

Facebook parent Meta posts solid 1Q results, stock soars

Associated Press  

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.” Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per …

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 7 months ago

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump

The Telegraph  

Shares in Facebook’s parent company Meta soared last night as it broke a losing streak to post its first rise in sales in a year. However, profits fell by 24pc and the company revealed a big drop in sales at its virtual reality division, showing that Mark Zuckerberg’s expensive bet on the metaverse is stuttering. The company’s overall revenue rise, …

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…
1 year, 9 months ago

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…

Hindustan Times  

Meta Platforms Inc said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last year. "We are currently exploring strategic alternatives for Kustomer and will continue to support Kustomer's product and customer base throughout this process," the Facebook owner said in an emailed statement to Reuters, without providing additional details …

Meta posts upbeat outlook, plans $40 billion buyback
1 year, 10 months ago

Meta posts upbeat outlook, plans $40 billion buyback

Live Mint  

BY SALVADOR RODRIGUEZ | UPDATED 2月 01, 2023 06:12 晚上 EST Social-media giant plans to buy back additional $40 billion in shares, says its costs are set to decline and its global users increased Facebook parent Meta Platforms Inc. reported improving conditions in its underlying business and said it would buy back an added $40 billion in shares, a turnabout …

Meta CEO Mark Zuckerberg takes witness stand in FTC case
2 years ago

Meta CEO Mark Zuckerberg takes witness stand in FTC case

Associated Press  

SAN JOSE, California — Mark Zuckerberg, the CEO of Facebook’s parent company Meta, took the witness stand Tuesday in a trial over U.S. antitrust regulators’ effort to stop the tech giant from buying a virtual reality startup called Within Unlimited. If the deal is allowed to go through, the Federal Trade Commission argues, it would violate antitrust laws and dampen …

Frustrated virtual reality pioneer leaves Facebook’s parent
2 years ago

Frustrated virtual reality pioneer leaves Facebook’s parent

Associated Press  

BERKELEY, Calif. — A prominent video game creator who helped lead Facebook’s expansion into virtual reality has resigned from the social networking service’s corporate parent after becoming disillusioned with the way the technology is being managed. Carmack’s departure comes at a time that Zuckerberg, Meta’s CEO, has been battling widespread perceptions that he has been wasting billions of dollars trying …

Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse
2 years, 1 month ago

Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

The Hindu  

Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta's finances after its first mass layoffs. Mr. Zuckerberg, addressing pointed questions at a company-wide meeting a week after Meta said it would lay off 11,000 workers, described the …

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1
2 years, 1 month ago

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1

The Hindu  

Meta, in a blog post, on Wednesday shared that it will be firing 13% of its workforce around 11,000 employees. In a direct message to employees, Meta CEO Mark Zuckerberg said that staff reductions will be made across the company’s family of apps and Reality Labs. Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown …

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg
2 years, 1 month ago

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg

ABP News  

San Francisco: After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Meta is reportedly set to lay off 'thousands' of employees this week. The company declined to comment, referring to Zuckerberg's recent statement that the company would "focus our investments on a small number of high priority growth areas." In June, Meta's chief …

Zuckerberg calls for patience as costs soar
2 years, 1 month ago

Zuckerberg calls for patience as costs soar

Live Mint  

Meta Platforms Inc. chief executive officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challenging time for digital-advertising companies. On a call Wednesday, Zuckerberg sought to justify Meta’s ballooning costs to fund its version of virtual reality, the metaverse, as well as the artificial intelligence fuelling major changes to its social …

Meta's Q3 Sales Slip 4%. Mark Zuckerberg Says 3.7 Billion People Use One Of Meta's Apps Monthly
2 years, 1 month ago

Meta's Q3 Sales Slip 4%. Mark Zuckerberg Says 3.7 Billion People Use One Of Meta's Apps Monthly

ABP News  

Meta was logged a 4 per cent year-on-year revenue loss, while missing Wall Street estimates on the bottom line in the third quarter as significant metaverse investments continued to eat into earnings, reported Variety. Mark Zuckerberg, chief executive officer of Meta Platforms, in his Facebook statement said 3.7 billion people use one of Meta's apps monthly. Meta clocked total revenue …

Why Mark Zuckerberg’s Metaverse vanity project threatens to destroy Facebook
2 years, 1 month ago

Why Mark Zuckerberg’s Metaverse vanity project threatens to destroy Facebook

The Telegraph  

His push into virtual worlds is increasingly seen by investors as an expensive hobby. Meta employees have taken to calling metaverse projects “make Mark happy” or MMH, according to a report in the New York Times. Yet on Wednesday, an increasingly isolated Zuckerberg – who lost former right-hand woman Sheryl Sandberg earlier this year – insisted he was heading down …

Facebook parent Meta’s revenue, profit decline amid ad slump
2 years, 1 month ago

Facebook parent Meta’s revenue, profit decline amid ad slump

Associated Press  

Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales as it faces competition from TikTok’s wildly popular video app. “We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company.” Meta said it expects staffing levels …

Meta shareholder wants Facebook parent to cut jobs, spending
2 years, 2 months ago

Meta shareholder wants Facebook parent to cut jobs, spending

The Hindu  

Facebook-parent Meta Platforms Inc. needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said on Monday in an open letter to Chief Executive Mark Zuckerberg. The company has lost investor confidence as it ramped up spending and pivoted to the metaverse, the technology-focused hedge fund with a 0.1% stake said, and suggested a three-step plan. …

Facebook owner Meta unveils $1,500 VR headset: Will it sell?
2 years, 2 months ago

Facebook owner Meta unveils $1,500 VR headset: Will it sell?

Associated Press  

Facebook parent Meta unveiled a high-end virtual reality headset Tuesday with the hope that people will soon be using it to work and play in the still-elusive place called the “metaverse.” The $1,500 Meta Quest Pro headset sports high-resolution sensors that let people see mixed virtual and augmented reality in full color, as well as eye tracking and so-called “natural …

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports
2 years, 3 months ago

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports

Hindustan Times  

Social networking giant Meta is mulling more paid features for its platforms Facebook, Instagram and WhatsApp. The move will put Meta on the same course as other social media giants including Snap Inc and Twitter that launched paid tiers to unlock additional features. The top Meta executive pointed out that in the long term, the company saw paid features becoming …

Facebook Owner Meta Reports Revenue Decline For The First Time In Q2 Earnings
2 years, 4 months ago

Facebook Owner Meta Reports Revenue Decline For The First Time In Q2 Earnings

ABP News  

Meta Platforms clocked its first ever quarterly decline in revenue on Wednesday, Reuters reported. Citing Refinitiv, Reuters mentioned total revenue, which consists almost entirely of ad sales, fell 1 per cent to $28.8 billion in the second quarter ended June 30, from $29.1 billion last year. Monthly active users on Facebook came in slightly under analyst expectations at 293 crore …

Facebook parent Meta posts first revenue decline in history
2 years, 4 months ago

Facebook parent Meta posts first revenue decline in history

Associated Press  

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies. CEO Mark Zuckerberg said Meta is slowing its pace of investments and plans to “steadily reduce” employee growth after a hiring blitz earlier this …

Facebook's parent company reports a drop in revenue for the first time ever
2 years, 4 months ago

Facebook's parent company reports a drop in revenue for the first time ever

NPR  

Facebook's parent company reports a drop in revenue for the first time ever Enlarge this image toggle caption Noah Berger/AFP via Getty Images Noah Berger/AFP via Getty Images Facebook parent Meta was hit with a double whammy in the last three months: revenue fell for the first time ever and profit shrank for the third straight quarter, amid growing competition …

Mark Zuckerberg thinks a billion people will join him in the metaverse
2 years, 6 months ago

Mark Zuckerberg thinks a billion people will join him in the metaverse

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mark Zuckerberg has predicted that a billion people will join his virtual reality …

Facebook’s parent company Meta tells hardware staffers to prepare for cutbacks
2 years, 7 months ago

Facebook’s parent company Meta tells hardware staffers to prepare for cutbacks

The Hindu  

Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the centre of the company's strategy to refocus on hardware products and the "metaverse," a spokesperson confirmed to Reuters on Wednesday. The world's biggest social media company last month told investors that it would scale back costs in 2022, following a drop in Facebook users …

Today’s Cache | Facebook takes relics of app world into metaverse
2 years, 8 months ago

Today’s Cache | Facebook takes relics of app world into metaverse

The Hindu  

Since Facebook made a push for metaverse in October after whistle-blower revelations tarnished its reputation, the company has made announcements about its latest bet only in fits and starts. Horizon is the umbrella platform that hosts the company’s gaming, live events, and VR conferencing services. Before its December rollout, only Horizon Worlds was in private beta for users to test …

Meta’s Oculus Quest 2 leads global AR, VR market: IDC
2 years, 8 months ago

Meta’s Oculus Quest 2 leads global AR, VR market: IDC

The Hindu  

Global augmented reality and virtual reality headset market grew significantly last year led by all-in-one VR solutions like Meta’s Oculus Quest 2. Worldwide AR/VR headset shipments expanded 92.1% to 11.2 million units in 2021, compared to the previous year, with Meta’s Quest 2, capturing 78% share of the combined AR/VR market during the year, according to a report by research …

Explained: The tumbling of Meta platforms’ shares
2 years, 10 months ago

Explained: The tumbling of Meta platforms’ shares

The Hindu  

The story so far: The shares of Meta Platforms, the parent company of social media giant Facebook, crashed by as much as 25% on Thursday, wiping out over $200 billion from the company’s market value. THE GIST The shares of Meta Platforms crashed by as much as 25% on Thursday, wiping out over $200 billion from the company’s market value. …

Facebook has successfully overhauled its business before. This time will be harder
2 years, 10 months ago

Facebook has successfully overhauled its business before. This time will be harder

CNN  

New York CNN Business — Ahead of its 2012 initial public offering, Facebook was in trouble. He’s even called the metaverse “the successor to the mobile internet.” But there’s one critical difference for Zuckerberg’s company between now and a decade ago: While mobile technology was already a flourishing platform when Facebook was making that shift, the company’s vision of the …

Meta, formerly Facebook, faces historic drop as stock tanks
2 years, 10 months ago

Meta, formerly Facebook, faces historic drop as stock tanks

Associated Press  

Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall Street is pretty anxious about it. At the same time, it invested more than $10 billion in CEO Mark Zuckerberg’s ambitious plan to transform Meta Platforms Inc. into a virtual reality — actually, make that “metaverse-based” — company. “Betting big …

Facebook's total user base declines for the first time in 17 years: Report
2 years, 10 months ago

Facebook's total user base declines for the first time in 17 years: Report

Hindustan Times  

Facebook has seen a number of controversies in recent years. According to quarterly report released by Meta, Facebook lost about half a million global daily users in the fourth quarter of 2021 as compared to previous quarter. Meta’s quarterly report on Wednesday also posted sharply higher costs but gave a weak revenue forecast, spooking the investors and knocking off almost …

Facebook loses users for the first time EVER: Zuckerberg blames TikTok boom
2 years, 10 months ago

Facebook loses users for the first time EVER: Zuckerberg blames TikTok boom

Daily Mail  

Facebook lost daily users for the first time in its 18-year history which CEO Mark Zuckerberg believes was caused by the TikTok boom Facebook lost daily users for the first time in its 18-year history in the final quarter of 2021, which CEO Mark Zuckerberg believes was caused by the TikTok boom. The social media giant's devastating earnings report on …

Meta shares sink 20% as Facebook loses daily users for the first time
2 years, 10 months ago

Meta shares sink 20% as Facebook loses daily users for the first time

The Hindu  

Facebook owner Meta Platforms Inc's shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok. The 18-year-old tech giant, which also faces pressure from platforms like TikTok and Google's YouTube, said it expected slowing revenue growth in the coming quarter …

Facebook suffers biggest one-day fall in history as shares plunge over 26pc
2 years, 10 months ago

Facebook suffers biggest one-day fall in history as shares plunge over 26pc

The Telegraph  

Facebook suffered the biggest one-day drop in value of any company in Wall Street history as a dismal set of financial results prompted a brutal sell-off. Shares in Meta, the recently rebranded parent company, fell by 26.4pc, knocking over $230bn off its value, the day after it revealed that growing competition from TikTok had sent Facebook’s user numbers falling for …

Facebook loses daily users, ad growth drops down- Report
2 years, 10 months ago

Facebook loses daily users, ad growth drops down- Report

India TV News  

Highlights Massive stock drop instantly wiped out around $200 billion in its market value Meta-owned Facebook platform registered 1.929 billion daily users in fourth quarter of 2021 The user growth slowdown when the company announced that it would rebrand as a "metaverse" company For the first time ever, Facebook has lost daily users globally, reporting lower-than-expected ad growth that sent …

Facebook owner Meta to lift veil off its metaverse business
2 years, 10 months ago

Facebook owner Meta to lift veil off its metaverse business

The Hindu  

Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient Rome, and helped trigger the metaverse investment craze. Meta plans to break out the results of its augmented and virtual-reality hardware unit, Reality Labs, for the first time,an investment the company previously …

Expect in 2022: Mark Zuckerberg launching new VR headset and talking big on Meta, VR headset from Apple, Google
2 years, 11 months ago

Expect in 2022: Mark Zuckerberg launching new VR headset and talking big on Meta, VR headset from Apple, Google

India Today  

In our top predictions for 2022, we had mentioned how we expect the metaverse concept to blow up this year. And since we are talking about names, no company has embraced the metaverse concept as dearly as Meta, formerly known as Facebook. Now that the concepts of the metaverse and virtual reality and augmented reality have become the buzzwords, it …

Facebook whistleblower fears the metaverse
3 years, 1 month ago

Facebook whistleblower fears the metaverse

The Hindu  

Facebook whistleblower Frances Haugen said she fears the impact of the metaverse that the social media giant has rebranded to focus on delivering, saying the futuristic virtual reality world would force people to give up more of their personal information, be addicting and give the embattled company another monopoly in the online world. In an interview with The Associated Press …

EXPLAINED: What is Metaverse and Why Facebook/ Meta Thinks it's the Future of Internet
3 years, 1 month ago

EXPLAINED: What is Metaverse and Why Facebook/ Meta Thinks it's the Future of Internet

News 18  

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination — so much so that one of the best-known internet platforms is rebranding to signal its embrace of the futuristic idea. In an interview with The Verge, Zuckerberg said that “the metaverse isn’t just virtual reality” and would be accessible across various computing platforms like virtual and …

Facebook whistleblower says tech company focusing on developing metaverse instead of fixing existing problems
3 years, 1 month ago

Facebook whistleblower says tech company focusing on developing metaverse instead of fixing existing problems

Firstpost  

Asked if Zuckerberg should step down, whistleblower Frances Haugen said: “I think Facebook would be stronger with someone who’s willing to focus on safety, so yes.” Whistleblower Frances Haugen issued a stinging rebuke of Facebook’s “Meta” rebrand on Monday, accusing the company of yet again prioritising expansion over people’s safety. Speaking at the Web Summit tech conference in Lisbon, Haugen …

Facebook, Twitter and YouTube lost nearly $10 billion in revenue after Apple introduced privacy change
3 years, 1 month ago

Facebook, Twitter and YouTube lost nearly $10 billion in revenue after Apple introduced privacy change

India Today  

Apple’s App Tracking Transparency Policy, which requires users to give consent to apps to track their online activities, cost social media apps including Snapchat, Facebook, Twitter, and YouTube nearly $10 billion in revenue, according to an online report. Apple’s App Tracking Transparency gives control to users over whether an app can track their online and iPhone activities and use the …

Facebook's Metaverse fortune is tied to Oculus
3 years, 1 month ago

Facebook's Metaverse fortune is tied to Oculus

The Hindu  

Facebook’s CEO Mark Zuckerberg has pressed the proverbial reboot button and rebranded the controversial social media giant. “Our estimate is that in aggregate we are underreporting iOS web conversions by approximately 15%; however, there is a broad range for individual advertisers,” said Graham Mudd, VP of Product Marketing at Facebook. The critical tool that will make Zuckerberg’s holographic future a …

Facebook to Meta: The Metaverse contours go beyond just rebranding
3 years, 1 month ago

Facebook to Meta: The Metaverse contours go beyond just rebranding

Hindustan Times  

Facebook will now be known as Meta as it is betting big on the metaverse project that it sees as the future of the internet. Watch: Why Facebook changed name to Meta amid multiple controversies There is the potential for immersive social virtual shopping experiences, concerts, gaming, and virtual classrooms taking a huge step forward. And we’re working with game …

Facebook renames itself Meta, rebranding one of the world's most recognisable brands
3 years, 1 month ago

Facebook renames itself Meta, rebranding one of the world's most recognisable brands

Firstpost  

The move punctuates how CEO Mark Zuckerberg plans to refocus his Silicon Valley company on what he sees as the next digital frontier, which is the unification of disparate digital worlds into something called the metaverse. “I’ve been thinking a lot about our identity” with this new chapter, Zuckerberg said, speaking Thursday at a virtual event to showcase Facebook’s technological …

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