Tag Archives: Metaverse

Meta CEO Mark Zuckerberg.Drew Angerer/Getty Images A nonprofit advocacy group says a researcher’s avatar was raped in the metaverse. Other Meta users have also said they were sexually harassed or abused in the metaverse. Meta investors wanted a report on harms facing metaverse users, but shareholders rejected the idea. A researcher entered the metaverse wanting to study users’ behavior on Meta’s social-networking platform Horizon World. But within an hour after she donned her Oculus… Source link

Tech companies such as Facebook parent Meta (FB) and Microsoft (MSFT) are plowing money into their plans for the metaverse, the 3-D virtual world that tech executives are obsessed with. But so far, the experiences that users can get their hands on are nowhere near Silicon Valley’s promises of hyper-realistic avatars and seamless interactions with the real world. And it could be turning consumers off. “People have kind of lost interest in the metaverse, because characters look like… Source link

Mark Zuckerberg in his metaverse living room.Facebook Mark Zuckerberg told shareholders that creating the metaverse will bleed money for three to five years. The Meta CEO told the company’s annual meeting that some products wouldn’t be ready for 15 years. The Facebook owner spent $10 billion on the idea of an immersive virtual world in 2021 alone. Meta’s metaverse project will lose “significant” amounts of money over the next three to five years, CEO Mark Zuckerberg told shareholders on… Source link

In Q1 2022, Meta’s (FB) metaverse business — known as Reality Labs — operated at a loss of nearly $3 billion, causing skepticism in the market about whether the metaverse truly has a place in the digital future. Meta CEO Mark Zuckerberg noted that costs in the present are “laying the groundwork” for this technology to hit the mainstream. In spite of the skepticism, Qualcomm (QCOM) CEO Cristiano Amon agrees that the best has yet to come for metaverse adoption and investment. “It’s… Source link

Facebook parent Meta (FB) wants to be the first company you think of when you hear the word metaverse, the nascent 3-D virtual world that could be the future of the internet. Heck, it’s why Meta CEO Mark Zuckerberg changed the social media giant’s name to Meta in late 2021. But according to Subversive Capital founder and CIO Michael Auerbach, Zuckerberg’s efforts will fall flat. “We actually believe that Meta isn’t the company that’s building out the Metaverse,” Auerbach told… Source link

With several threats to the future of its business, Facebook wants to start “a new chapter.”  Investors are unsure it will succeed in its grand metaverse ambitions and employees are confused. “Simply put, the market is questioning whether this company is now Yahoo! 3.0,” an analyst said. Facebook is at a perilous time in its history as Mark Zuckerberg bets his company on… Source link

Pernod Ricard (RI.PA) is officially in the metaverse with Absolut’s Coachella activation, allowing “real life to meet virtual life.” For the first time ever, the second largest spirits & wine maker Pernod Ricard, unveiled an experience in the metaverse dubbed Absolut.Land with its brand Absolut Vodka. North America CEO Ann Mukherjee told Yahoo Finance the global company partnered with Decentraland over other potential partners in the space, including Meta’s Horizon Worlds (FB) and Roblox ( Source link

The Fashion’s Metaverse Milestones Exhibition and auditorium areas at the Vogue Business and Yahoo Metaverse Experience are open to everyone, so please explore these interactive spaces even if you are not a Vogue Business Member. If you are not yet a Vogue Business Member, please register to attend here. Vogue Business Members are able to access all of the virtual island including the planet, forest and beach areas where you can network with our expert speakers and Vogue Business editors…. Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 16, 2022 Meta wants to sell us the metaverse without saying what it is Facebook parent Meta (FB) is banking on the metaverse to save it from plateauing user numbers and competition from the likes of TikTok. But the social media giant blew its first real chance at giving the… Source link

Roblox (RBLX) will report its Q4 earnings after the market close on Tuesday, as investors and analysts look to see how the metaverse gaming company’s growth path will shake out after receiving a boost from homebound users during the pandemic. Here’s what Wall Street is expecting from Roblox in the quarter. Roblox, which went public in March 2021, is considered a proxy for investors hoping to take an early stake in the metaverse, the 3-D version of the internet that prompted Facebook to… Source link