Search
Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Metaverse losses top $3.6B for Meta with spending set to increase
27.10.2022
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
26.10.2022
Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter
Meta Partners with Fashion Company L’Oréal to Launch Web3 Accelerator Program
26.10.2022
Web3 is gaining momentum as an innovative wave for many businesses, brands, and individuals. This wave has increased the adoption of the Metaverse through different applications and virtual possibilities.
Meta recently revealed its partnership with French business school HEC Paris and L’Oréal....
Zuckerberg's $100B metaverse gamble is 'super-sized and terrifying,' shareholder says
25.10.2022
In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion
Nokia Believes the Metaverse Will Replace Smartphones in the Future
25.10.2022
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users...
Bank of America rebaja calificación de Meta a neutral en medio de su incursión en el metaverso
24.10.2022
La inversión en el metaverso seguirá siendo una sobrecarga en la acción, dijo el informe
Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns
24.10.2022
Investment in the metaverse will remain an overhang on the stock, the report said
Instant Articles, Proprietary Syndication, and a Web Built on User Fidelity Preferences
20.10.2022
I love it when there’s a sense of synergy in the blogosphere. First, I caught Nick Heer’s coverage of Meta ending support for Instant Articles, its proprietary format for stripped-down performant news articles. He also compares it to the similar …
Instant Articles, Proprietary...
Aptos (APT), a famous public chain with Meta background, is now first listed on MEXC
20.10.2022
The latest news from Aptos indicates that it will launch the mainnet in the near future. At the same time, its mainnet token APT was announced by major mainstream exchanges before it was in circulation. The cryptocurrency trading platform MEXC listed the Aptos mainnet token APT at 00:45 on October...
Meta Follows Blockchain Firms in Joining Cryptographic Privacy Group MPC Alliance
18.10.2022
Facebook owner Meta has joined the MPC Alliance, a non-profit group focused on cryptographic privacy and security, according to a press release
'Performing as expected' — Aptos Labs defends day 1 criticism
18.10.2022
Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount
Facebook is on a quest to destroy Web3
18.10.2022
Mark Zuckerberg's tech empire has a long history of using centralized systems to hurt users. Now it's trying to join Web3
Facebook's Metaverse Is Apparently Filled With Mostly Empty 'Sad' Worlds
17.10.2022
Meta’s Facebook is (was?) one of the most popular social media platforms in the world, with billions of users. However, its failing virtual reality metaverse project, Horizon Worlds, isn’t doing nearly as well. In fact, a new report shows that barely anyone is spending much time in Horizon Worlds...
Quest Pro VR headset raises privacy concerns for Meta’s future in metaverse
17.10.2022
Meta announced its latest VR headset, Quest Pro, which includes a new eye and facial movement tracker said to enhance digital avatar expressions and realism
Meta Still Struggling for Its Metaverse to Find Its Legs
16.10.2022
Meta, the company formerly known as Facebook, is still struggling for its metaverse app Horizon Worlds to find its intended audience. The company, that presented a video of full new avatars, including feet this week, was criticized due to the prepared nature of the presentation. In the same...
Facebook's Legs Video Was A Lie
14.10.2022
Earlier this week Meta CEO Mark Zuckerberg took to the stage to demonstrate that, having spent billions of dollars to create a virtual reality universe (Horizon Worlds) that looked like it was from 2004, his company was working on improving that universe to make it look like it was from 2009...
$1.2 Billion Metaverse Company Boasts It Has A Whopping 8,000 Daily Users
13.10.2022
Last week, an NFT founder tweeted that the metaverse company Decentraland only had 30 daily active users, despite its $1.2 billion market valuation. After a cryptocurrency news outlet reported the numbers, this week Decentraland hastily corrected on its blog that its metaverse actually has 8,000...
Meta’s Web3 hopes face challenge of decentralization and market headwinds
13.10.2022
Meta’s metaverse aspirations haven’t fared well for the tech giant, as the firm wiped out nearly five years’ worth of market cap in just 10 months of 2022