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Category Meta (Facebook)

Meta’s Zuckerberg says he is keeping focus on metaverse development despite losses

Meta’s Zuckerberg says he is keeping focus on metaverse development despite losses

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the social media giant is not moving away from its metaverse focus despite reporti...
France to develop local metaverses against global giants

France to develop local metaverses against global giants

The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Meta says new focus on generative AI could boost metaverse development: Nikkei

Meta says new focus on generative AI could boost metaverse development: Nikkei

Meta is investing heavily in artificial intelligence and this will benefit its metaverse businesses, Meta’s Andrew Bosworth told Nikkei Asia.
Walt Disney reportedly scraps metaverse plans

Walt Disney reportedly scraps metaverse plans

Entertainment conglomerate Walt Disney Co. has reportedly scrapped its metaverse plans as part of its decision to lay off 7,000 employees and reduc...
Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.