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The Latest Breaking News from metaverse

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Fortune

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Fortune

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Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Bangkok Post

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

Benzinga

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Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

The Guardian - UK

What is the metaverse and what will it look like in the future?

The M word explained. Haifa Barbari on how the metaverse is crucial to brand loyalty and why the time to enjoy it all is now

Evening Standard

Web3 Educational Platform Metakademy Offers World's First Earn While You Learn Crypto, NFT Course

Metakey on Tuesday announced a partnership with Layer-1 blockchain Wire Network, to support the relaunch of the Web3 education platform, Metakademy.

Benzinga

Move Over Metaverse, Curryverse Could Be Next From NBA Star Steph Curry: What It Means For Under Armour

NBA superstar Steph Curry has been one of the top players in the National Basketball Association since being drafted in 2009.

Benzinga

'Laugh' At Meta's Crash Now But Zuckerberg Will 'Own Your Eyeballs' In 5 Years, Says Snowden; Is Metaverse A Threat To Humanity?

Meta Platforms Inc.

Benzinga

Meta shares dip is proof metaverse plan never really had legs

Virtual reality gamble is not paying off as Mark Zuckerberg appears to be going out on a limb with avatars

The Guardian - UK

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

Benzinga

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Inverse

Tim Cook thinks meetings in the metaverse are doomed — but it isn't that simple

While Apple CEO Tim Cook commented that AR will win over VR for communication purposes, some experts think that both technologies can play important roles.

Al Jazeera

As Meta’s revenue decline accelerates, shares sink 14 percent

A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade.

Benzinga

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

Tribune News Service

Parmy Olson: Zuckerberg should focus on the midterms, not the metaverse

You have to hand it to Mark Zuckerberg. In the face of criticism about the radical strategic shift he has chosen for Facebook, he is stubbornly focused on turning it into a metaverse company. Other tech billionaires may lash out at dissent, but Zuckerberg remains stoic, tuning out the noise…

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Wales Online

Off-grid breaks, VR holidays and retro trips - what travel will look like in 2023

24,000 travellers across 32 countries and territories have explained what type of holidays they will take next year

The Conversation

Is the metaverse really the future of work?

According to Mark Zuckerberg, the “metaverse” – which the Meta founder describes as “an embodied internet, where instead of just viewing content – you are in it” – will radically change our lives.

The Guardian - UK

Lost in Roblox’s Fifa World – everything wrong with the metaverse in one place

This football-themed game is a ludicrous fantasy: a dystopian hyper-capitalist holiday park that illustrates how the virtual universe will really work

RideApart

TVS Motor Launches 2022 Raider In New Metaverse Domain

TVS launches its Motoverse Metaverse platform and rolls out the 2022 Raider 125 commuter with a new TFT display and Bluetooth connectivity.

The Independent UK

Don’t just replicate your business in the metaverse, build a world

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Tribune News Service

Nokia’s vision of the future is a world where the metaverse replaces smartphones

It’s hard to imagine a world untethered from your cellphone. Unless you work for Nokia.

Benzinga

Here's What Walmart's CTO Thinks About The Future Of Crypto

A lot of disruption is going to start happening in terms of different payment methods and options with cryptocurrencies playing an important role in how customers transact, according to Suresh Kumar, global chief technology officer at retail gi

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