Tag Archives: skeptical

Facebook, Google face skeptical Wall Street this week amid ad collapse

Facebook, Google face skeptical Wall Street this week amid ad collapse

A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Wall Street is bracing for disaster in online advertising. Following disappointing results from Snap last week and a 28% plunge in the stock price that sent the company’s value to its lowest since early 2019, investors are now turning their attention to ad giants… Source link

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Former Google CEO Eric Schmidt skeptical Facebook will build metaverse

Former Google CEO Eric Schmidt sounded skeptical on Tuesday that Meta, formerly known as Facebook, will succeed at building the metaverse. “I look forward to excellent innovation in the metaverse,” Schmidt told CNBC’s “Squawk Box” on Tuesday. “I’ve been waiting for about thirty years … As to whether Facebook will build that, I don’t know.” Schmidt reacted to the news that Meta would shift its focus to build the metaverse, a virtual world where you can socialize, work and play. Google, Source link

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