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The Latest Breaking News from metaverse

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Bangkok Post

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Bangkok Post

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Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

Benzinga

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

The Guardian - UK

What is the metaverse and what will it look like in the future?

The M word explained. Haifa Barbari on how the metaverse is crucial to brand loyalty and why the time to enjoy it all is now

Evening Standard

Web3 Educational Platform Metakademy Offers World's First Earn While You Learn Crypto, NFT Course

Metakey on Tuesday announced a partnership with Layer-1 blockchain Wire Network, to support the relaunch of the Web3 education platform, Metakademy.

Benzinga

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Move Over Metaverse, Curryverse Could Be Next From NBA Star Steph Curry: What It Means For Under Armour

NBA superstar Steph Curry has been one of the top players in the National Basketball Association since being drafted in 2009.

Benzinga

Mark Zuckerberg, the Metaverse and Us

Meta Platforms' CEO ignores Wall Street's demand to cut metaverse costs.

The Street

'Laugh' At Meta's Crash Now But Zuckerberg Will 'Own Your Eyeballs' In 5 Years, Says Snowden; Is Metaverse A Threat To Humanity?

Meta Platforms Inc.

Benzinga

Does Zuckerberg Know Secret Of the Metaverse That Eludes Us?

Meta Platforms' CEO ignores Wall Street's demand to cut metaverse costs.

The Street

Meta shares dip is proof metaverse plan never really had legs

Virtual reality gamble is not paying off as Mark Zuckerberg appears to be going out on a limb with avatars

The Guardian - UK

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

Benzinga

Will Facebook Spending Spree On Metaverse Boost Arista, Nvidia, Ciena?

Facebook-parent Meta Platforms' spending spree to build the "metaverse" could provide upside for makers of advanced technology products.

Investors Business Daily

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Investors Business Daily

Mark Zuckerberg's Pipe Dream Turns Into $618 Billion Nightmare

Mark Zuckerberg's plan to dominate the metaverse is turning into a nightmare for everyone. And it's costing real money.

Inverse

Tim Cook thinks meetings in the metaverse are doomed — but it isn't that simple

While Apple CEO Tim Cook commented that AR will win over VR for communication purposes, some experts think that both technologies can play important roles.

The Street

Meta Stock Plunges, Faces $90 Billion Wipeout, After Grim Q3 Update

"I think that those who are patient and invest with us will end up being rewarded.," said CEO Mark Zuckerberg.

The Street

Stocks Mixed, Meta, Ford, Apple And Twitter In Focus - Five Things To Know

Stocks futures higher with earnings, rates, GDP data in sight; Meta shares plunge on grim Q3 update, metaverse losses; Ford slides on narrowed profit guidance, charge to exit self-driving business; Apple slips ahead of Q4 earnings with outlook in focus and Twitter shares to be suspended as Musk takeover looms.

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The Street

Zuckerberg and Facebook Hang On To Their Metaverse

The social media giant maintains that the metaverse is a top priority despite mounting losses.

Al Jazeera

As Meta’s revenue decline accelerates, shares sink 14 percent

A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade.

Benzinga

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

The Street

Meta Stock Tumbles After Q3 Earnings Miss; Sees 'Significantly' More Metaverse Losses

"While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth," said CEO Mark Zuckerberg.

The Street

Mark Zuckerberg Who? Meet Facebook's Competing Metaverse

Zuckerberg's version of the metaverse may be in a coma, but another metaverse continues to build quietly.

The Street

Mark Zuckerberg's Metaverse 'Doomed,' Says a Big Rival

Facebook has already lost $16 billion related to the metaverse, which is bad for the whole industry.

The Street

Buckle Up: What Alphabet Earnings Tell Us About Meta

After ad-revenue reversals from Snap and Alphabet, Meta is up to bat. If history repeats , this could be a powerful bearish trading opportunity.

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