Facebook's Meta change is a risky bet on a potential $1 trillion industry

"Building our social apps will always be an important focus, but right now our brand is so tightly linked to one product it can't possibly represent everything we're doing today, much less in the future," Zuckerberg said on Thursday at the company's annual Connect developer conference.

In addition to breaking out Facebook Reality Labs into its own financial reporting unit, the company said during its third-quarter earnings call on Monday that it is giving the segment $10 billion in funding this year . The division, already at about 10,000 employees, will also get another 10,000 in Europe. Facebook's"Family of Apps," money-making products that include Facebook, Instagram, WhatsApp, and Messenger, will have its finances reported separately.

During Connect, he reiterated those comments, adding:"We expect to invest many billions of dollars for years to come before the metaverse reaches scale."

GME is for all

it is called damage control due to all the facebook papers and facts about them making kids kill themselves

TechInsider Isn't true to that Mr. Zukebrg is selling all of his stock every month

Can't read the article but isn't it obvious that a.) Facebook itself has no long-term future, b.) it needs a story to tell investors, and c.) with it's astounding cash flow, why NOT try this? I'll bet on the field though OneHitWonder Zuckerberg

Do some basic research before you judge blindly.

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Facebook to Rebrand Company as Meta in Focus on MetaverseThe social-media service will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform. Facebook is changing its name because the world now knows that Facebook and especially Zuckerberg put profits over the safety of its users. Facebooksucks ... to spread its cancer METAstases around the Globe... Gonna take creepy to a whole next level!
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

Facebook changes its company name to MetaFacebook is changing its company name to reflect its future ambitions and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents. So... it's going to be METAbook? Or just META? Let us not forget this 'Whistle Blower' appeared out of nowhere with a full public relations team, lawyers on retainer, a shiny new blue-check Twitter account. Or her history of running these same ops at several other tech companies. Seems Legit. FrancesHaugen Meta - verse
Источник: CNN - 🏆 4. / 95 Прочитайте больше »