Metaverse

Meta's Challenging Week Signals Volatility Ahead

1 month ago

Meta Platforms Inc., the parent company of Facebook and Instagram, has encountered a series of challenges this week that may suggest a turbulent road lies ahead. The company's recent struggles encompass lowering user engagement metrics, uncertain advertising revenues, and ongoing scrutiny over its metaverse ambitions.

ValueAct Makes Waves with $1 Billion Passive Investment in Meta Platforms

1 month ago

In a significant move within the financial and technology sectors, ValueAct Capital has reportedly acquired a passive stake of $1 billion in Meta Platforms, Inc. This investment marks a notable shift as ValueAct, known for its strategic investments, positions itself in the social media and technology giant, which has faced various challenges in recent years, including regulatory scrutiny and evolving market dynamics.

Meta Faces Developer Exodus to Snap Amid Intensifying Augmented Reality Rivalry

2 months ago

In a notable shift within the tech industry, Meta Platforms Inc. is reportedly losing a significant number of developers to its rival, Snap Inc., as competition in the realm of augmented reality (AR) heats up. This trend is attributed to Snap's innovative approaches and appealing development ecosystem that has begun to attract talent away from Meta's fold.

Meta's Quest for an Audience: A Decade Long Journey with Quest VR Headsets

3 months ago

Meta, the social media giant formerly known as Facebook, presses on with its ten-year effort to make virtual reality mainstream with its Quest headsets. For all the improvements, state-of-the-art technology, and billions that have been invested in it, VR is still a long way from the mass market. And within the tech industry, there are still questions of when-or if-VR will ever reach the mainstream success of Meta's vision.