Meta

The Guardian reports Meta’s take on how serious a Facebook ban can be, and what Zuckerberg has revealed during his interview with Joe Rogan.

Meta CEO promises upgrades to the concept of the VR game Horizon Worlds, which at first glance, instead of a wave of excitement, caused a series of harsh criticism and witty memes.

No need to beat around the bush, Facebook-turned-Metaverse, into which Meta has been investing tens of billions of dollars is fantastic…-ally bad.

Meta’s revenues fell to 28.8 billion dollars, while net profits plummeted by 27%, to around 6.7 billion dollars. This marks the end of an era for Facebook, which has been on a consistent rise since 2012.

The last decade on the capital market has been marked by enormous earnings of high-tech stocks, which have recorded outstanding results despite minor oscillations. As many as seven of the ten companies with the highest market value on the U.S. stock market come from the world of high tech, but judging by their performance in recent weeks, the bubble seems to be slowly inflating.

At a recent and eagerly awaited press conference, Facebook founder and CEO Mark Zuckerberg announced that the company will henceforth be called Meta, shifting its focus from a social network to a metaverse, i.e. a virtual-reality space.