The prospect of mass layoffs at Meta Platforms Inc. could ramp up the pressure on CEO Mark Zuckerberg to deliver on the metaverse hype. Citing people familiar with the matter, Read more
Tag: metaverse
Opinion: Apple, more than Meta, holds the key to unlocking a ‘metaverse’-type world of AR
It has been more than a year since Facebook parent Meta META, -5.62% started touting the metaverse, but many of us are still scratching our heads about it. Meta CEO Read more
What’s worse for Meta: declining Facebook ad revenues or increasing costs of metaverse push?
Meta Platforms Inc. is facing some mega issues as it prepares to report fiscal third-quarter earnings on Wednesday afternoon. There’s plenty to sweat over, but two things stand out: A Read more
Scathing Meta shareholder’s letter calls for layoffs, less spending on metaverse
A major Meta Platforms Inc. shareholder has some scathing advice for the embattled company: Slash payroll costs by 20% and limit annual spending to $5 billion on its quest to Read more
Meta stock downgraded at Bank of America amid concerns about Reels and the metaverse
Shares of Meta Platforms Inc. were falling in premarket action Monday after a Bank of America analyst threw in the towel on his bullish call. Bank of America’s Justin Post Read more
Meta busts out big VR move, but will Quest Pro headset move the metaverse needle?
Facebook parent company Meta bust out a big virtual reality move at its Meta Connect developer conference on Tuesday, but is the company’s new high-end headset a winner? Meta Platforms Read more
Meta’s new VR headset will cost $1,500 as Zuckerberg sets up battle with Apple
Meta Platforms Inc. introduced a new virtual-reality headset with a price tag more than three times the price of its predecessor, as Chief Executive Mark Zuckerberg prepares for a likely Read more
The Roblox reality may not be ‘as grand as its vision,’ analyst says in bearish note
Roblox Inc. has big visions for its future, but one analyst isn’t sure they’ll pan out — or that they’re what investors want to hear about right now. MoffettNathanson’s Clay Read more
Why Walmart’s leap into the metaverse could help Roblox
Walmart Inc. released two sites on Roblox Corp.’s “metaverse mega-platform” Monday, just in time for the holidays, and one of those sites is aimed squarely at a demographic the platform Read more
Mark Cuban says buying metaverse real estate is ‘the dumbest shit ever’
Billionaire entrepreneur Mark Cuban loves cryptocurrency and Web3 technology, but thinks buying digital real estate in the metaverse is not a good idea. “The worst part is that people are Read more
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