Facebook Metaverse, Facebook Rebrands As Meta In New Focus On Metaverse Business Economy And Finance News From A German Perspective Dw 28 10 2021

Edward Daugherty

29 Oct, 2021

Facebook plans to spend at least 10 billion this year on Facebook Reality Labs its metaverse division tasked with creating AR and VR hardware software and content. Facebook CEO Mark Zuckerberg has been a leading voice on the hype of the metaverse a virtual reality version of the internet that the tech giant sees as the future.

Facebooks Metaverse Hat Kein Facebook Mehr Im Namen

And it wont be built overnight.

Facebook metaverse. Facebook CEO Mark Zuckerberg laid out the companys plans for its billion-dollar metaverse platform called Horizon at the eighth Connect event on Thursday. The recruitment drive is part of Facebooks ambition to create a digital world known as the metaverse. Facebook expects to spend more than 10 billion on AR VR and related hardware as well as the development of metaverse apps and services this year.

Facebook CEO Mark Zuckerbergs Thursday announcement that hes changing his companys name to Meta Platforms Inc or Meta for short might be the biggest thing to happen to the metaverse since. Facebook executives mentioned the word metaverse more than a dozen times on Wednesdays call a term that hasnt come up on earnings calls in the past. We believe the Metaverse will be the successor to the mobile internet Facebook CEO Mark Zuckerberg said at the companys annual developer conference Thursday where the company said it is.

For critics of the company though there might not be anything more alarming. Facebook Inc is now called Meta the company said on Thursday in a rebrand that focuses on building the metaverse a shared virtual environment that it. The defining quality of the metaverse.

A metaverse is an online world where people can. Facebook has made an announcement that it will soon be employing 10000 high-skilled workers in Europe to help build its metaverse which it considers to be the future of the internetEven its founder Mark Zuckerberg has come forward to speak about how Facebook would effectively transition from people seeing us as primarily being a social media company to being a metaverse company. Facebook which has invested heavily in virtual reality VR and augmented reality AR including buying companies like Oculus this year created a product team to work on the metaverse.

Facebook goes Meta. The metaverse isnt a single product one company can build alone. Facebook said it plans to create 10000 high-skilled jobs in the EU over the next five years.

A metaverse is an online world where people can game work and communicate in a virtual environment often using VR headsets. Facebook CEO Mark Zuckerberg on Thursday outlined his vision for the future of the social media giant formalising the companys focus on the metaverse. What is the metaverse and why is big tech obsessed.

Facebook is planning to change its company name next week to reflect its focus on building the metaverse according to a source with direct knowledge of the matter. So much so that Mark Zuckerberg the 37-year-old founder of the social media giant has spoken about how Facebook would effectively transition from people seeing us as primarily being a social media company to being a. Facebook is going meta but what does that even mean.

Just like the internet the metaverse exists whether Facebook is there or not. CEO Mark Zuckerberg told investors during the companys Q3 earnings call Monday that the company will ramp up investment in the area and warned that it wont see a return on that investment any time soon. Facebook has changed its name to Meta in a shift away from social media and towards developing the metaverse a digital world that could be the next generation of the internet.

Many of these products will only be fully realized in the next 10-15 years. Facebook has just announced its changing its name to Meta. For Facebook building out the metaverse is just the next move in a years-long land grab for our online attention.

Mark Zuckerberg has laid out his vision to transform Facebook from a social media network into a metaverse company in the next five years. Facebooks goal here is to make sure it builds a Metaverse thats compatible with other services as well as one that has an eye toward inclusivity privacy safety and economic opportunity. Facebook has announced itll be making 10000 hires of high-skilled workers in Europe to help build its metaverse which it considers to be the future of the internet.

Facebook said Thursday the companys metaverse will support non-fungible tokens NFT in a possible boost to the Ethereum protocol where the digital collectibles format has thrived. On Tech News Weekly Jason Howell talks with Janko Roetgers from Protocol about Mark Zuckerbergs vision of a Facebook metaverse and how he believes it will.

What Is The Metaverse And Why Is Facebook Betting Big On It Euronews