It’s been two years since the social media company Facebook renamed itself Meta. This was preceded by serious data scandals and the company’s image was seriously damaged. Officially, founder Mark Zuckerberg’s relaunch was about highlighting a new focus for the company: the “Metaverse,” which he says will be “the successor to the mobile Internet.”
An ambitious goal: the Metaverse would follow the smartphone revolution and fundamentally change the way we use the internet. And Meta actually has the best preconditions to achieve this goal, after all, the company early on absorbed the virtual reality pioneer Oculus, which was transferred to its own division: the ‘Reality Labs’, which researches hardware for the Metaverse. Zuckerberg is pumping in billions of dollars every year, but will his bet work?
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
