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Why Facebook-Parent Meta Is Willing To Lose Billions On The Metaverse

DeFi Daily News by DeFi Daily News
December 7, 2024
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Facebook changed its name to Meta in October 2021 and CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and play accessible through a VR headset. Two months later the company launched its virtual universe, Horizon Worlds. Propelling the metaverse hype to an all-time high. But, as the rebranding to Meta hits its third anniversary, the metaverse seems to be stalled out. So what happened to the metaverse?

Chapters:
00:00 – Intro
2:00 – Into the Metaverse
5:04 – Virtual reality check
8:08 – The long game

Credits:
Produced by: Devan Burris
Edited by: Christian Nunley and Devan Burris
Supervising Producer: Jeniece Pettitt
Animations: Christine Locopo
Editorial Support: Jonathan Vanian
Additional Footage: Getty Images, Fortnite, Roblox, Meta, Acquired, The Sandbox Game, Decentraland

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Why Facebook-parent Meta Is Willing To Lose Billions On The Metaverse

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Tags: Applearaugmented realityBillionsbusinessbusiness newscnbcFacebookFacebookParentfinanceGamingheadsetshorizon worldsInstagramInvestinglosemark zuckerbergMetaMetaverseMoneyoculusreality labssocial mediastocksvideo gamesvirtual realityvrZuck
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