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
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer. Register now and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024: https://cnb.cx/4f4s3rZ
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Why Facebook-parent Meta Is Willing To Lose Billions On The Metaverse
source
