Facebook owner Meta to lift veil off its metaverse business when it reports quarterly results on Wednesday

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Facebook owner Meta plans to break out the results of its augmented and virtual-reality hardware unit for the first time on Wednesday, giving investors a new window into the financial impact of CEO Mark Zuckerberg’s current passion

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., reports fourth-quarter results on Wednesday, investors will get a new window into the financial impact of CEO Mark Zuckerberg’s current passion.

The company is hiring engineers and buying up multiple virtual reality gaming studios to build toward the metaverse, which is a broad futuristic idea of shared virtual realms that can be accessed via different devices and which Zuckerberg is betting will be the successor to the mobile internet. “It’s going to be huge for me as an analyst, not having to surgically dig through Facebook earnings … and just see a lens into the Reality Labs,” said VR market analyst Stephanie Llamas of VoxPop.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Today is the DoFo Ford Government's troubling 3-year anniversary of inaction On the HonDavidOnley Report, which had urged bold new action on accessibility for Ontarians with disabilities AODA AODAfail onpoli

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘We just need a spark’: Business owners hopeful Monday’s reopening is their last oneBars and restaurants can reopen for indoor dining with capacity limits on Monday, along with gyms, theatres and museums. Sorry. Little chance of that. krushowy We'll see how much damage the police and province ignoring the traveling clown show did.
Source: TorontoStar - 🏆 60. / 55 Read more »