A new internet age where content is consumed through intuitive 3D surroundings rather than 2D displays appears to have begun with the development of strong 5G networks, new XR gadgets, and appealing metaverse apps. We will discuss the relationship between Web3, 5G, and the Metaverse below. Before we dive into the meat of the subject, […]
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Meta’s share price is collapsing, and the social media giant is on a major downturn. The thus far ruling social media giant of our time, the owner of Instagram, Facebook, and WhatsApp, is experiencing the worst 2 consecutive quarters of its existence. The Meta stock has collapsed and users are still fleeing the platforms, meanwhile […]
Dubai, UAE, November 9, 2022: Arthur D. Little (ADL) has published “The Metaverse: What’s In It For Telcos?” exploring how telcos can capture value by leveraging the metaverse. Metaverse represents a major new market for telcos with early estimates of the overall size of the Metaverse opportunity to be around $13 trillion by 2030. For example, Ericsson […]
Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday […]
Many believe Metaverse is the next big thing after the invention of the internet itself in terms of impact and technological disruption. Still, many think the Metaverse will fail even before it takes off, and their views are not entirely unfounded. After using Second Life, Roblox, Fortnite, Minecraft, Horizon Worlds, VRChat, etc., many found that […]
Meta is currently showing signs of a downfall. It is hard to notice such signs when looking at a giant company worth trillions of dollars, but it does not mean cracks do not exist. The company’s stock got thrown from a 130 dollars price to a trading point of ninety-eight dollars, a more than a […]
Despite what you might think about the whole NFT space and teenagers becoming millionaires over night by fluke, NFT Metaverse games are some of the best applications for the new Web 3 technologies that emerged in recent years. NFTs can now be used for a variety of purposes, such as digital identity management and actual […]
Meta Platforms Inc has almost no chance of barring the chair of the U.S. Federal Trade Commission, Lina Khan, from participation in the FTC’s challenge to Meta’s planned acquisition of virtual reality content developer Within Unlimited Inc. But that has not stopped Meta from continuing to wage a campaign for Khan’s disqualification, as evidenced most […]
Britain’s competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority’s (CMA) order to unwind the 2020 deal. “We are disappointed by […]
For companies playing with virtual reality as disparate as plane-maker Boeing Co and online-gaming platform Roblox Corp, forays into the so-called “metaverse” have come with equal parts promise and peril. The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing’s chief information officer, at the Reuters […]