Metaverse
- Started
- Last post
- 57 Responses
- tank022
It is the new buzzword on Linkedin by 55-year-old marketeers.
- tank025
Plus, this reminds me of Habbo Hotel.
- sted0
For example, if a creator sells an item for $1.00, then the Meta Quest Store fee would be $0.30 and the Horizon Platform fee would be $0.17, leaving $0.53 for the Creator before any applicable taxes.
- neverscared-1
Who is designing the architectures of the metaverse?
Millions of dollars spent on a plot of digital land, firms specialising in designing only buildings for the metaverse, brands and celebrities getting involved. Our journey into a future that until a few years ago would have seemed science fiction.
- Nairn2
Face first, into the propellor
- sheep3
-$700 Billion
Meta shares tumbled 24% on Thursday to its lowest level in nearly four years following an earnings report that one Wall Street analyst described as a "train wreck." It's a far cry from the company's position nearly a year ago, when CEO Mark Zuckerberg on October 28, 2021, announced with great fanfare that Facebook was changing its name to Meta Platforms to emphasize its focus on the "metaverse."
Last fall, Facebook was still riding high: Its market value reached a peak of more than $1 trillion in September 2021. Revenue and profits were surging as advertisers flocked to Facebook and Instagram to reach their billions of users.
To be sure, practically the entire tech industry has taken a beating this year, but Meta's stock plunge has far outpaced the overall sector, with its shares down 67% from a year earlier compared with the tech-heavy Nasdaq's 31% slide over the same period. Meta's plunge translates into an eye-popping loss of about $700 billion in market value.
On Thursday, Meta's market value sank to $268 billion, down from more than $1 trillion in September of 2021. The shares regained some ground on Friday morning, rising $1.72, or about 1.8%, to $99.66 per share.
The company's travails raise questions about its all-in bet on the metaverse, as well as whether the social media company could suffer the fate of other major businesses whose gambles on the future failed to pay off. In the near-term, Meta's core Facebook business is facing challenges as the economy slows and advertisers trim spending.
- sted0
We spoke to 50+ Web 3 metaverse companies in the past year.
My takeaways, summarized.
- sted0
- PhanLo0
A 45-year-old man was injured after a package exploded at Northeastern University on Tuesday, with CNN reporting that it contained a manifesto attacking Facebook founder Mark Zuckerberg.
- neverscared2
RIP Metaverse
An obituary for the latest fad to join the tech graveyardThe Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world. It was three years old.
The capital-M Metaverse, a descendant of the 1982 movie "Tron" and the 2003 video game "Second Life," was born in 2021 when Facebook founder Mark Zuckerberg changed the name of his trillion-dollar company to Meta. After a much-heralded debut, the Metaverse became the obsession of the tech world and a quick hack to win over Wall Street investors. The hype could not save the Metaverse, however, and a lack of coherent vision for the product ultimately led to its decline. Once the tech industry turned to a new, more promising trend — generative AI — the fate of the Metaverse was sealed.