Metaverse

Microsoft Corp

Microsoft to gobble up Activision in $69 billion metaverse bet

Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake the...

Platform Industry: Tesla's Elon Musk

‘Has anyone seen Web3?’ Musk, Dorsey mock tech’s latest buzzword

Billionaires Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticized the involvement of venture capital firms such as Andreessen Horowitz in building out what some ha...

Platform News: Facebook VR

Metaverse won’t be turning point in cryptocurrency adoption, investor Chesnais says

The growth of online virtual worlds will help advance the mainstream adoption of cryptocurrencies for payment transactions but it won’t be a game-changer, according to Frédér...

Platform News: Octi App

James Murdoch-backed metaverse app Octi launches

An app that allows users to create and share videos that blend elements of the physical and virtual worlds has ben launched, with financing from James Murdoch and entertainment ind...

Roblox

Roblox bookings beat as gaming boom persists, shares surge

Roblox Corp exceeded market estimates for quarterly bookings as demand for its video games “MeepCity” and “Adopt Me!” stayed strong even after pandemic-led ...

Platform Industry: Microsoft operating system users

Microsoft president says tech must compromise, downplays metaverse ‘hype’

The tech sector needs to compromise with regulators and take governments and people’s concerns seriously, Microsoft president Brad Smith has said in an interview.

Facebook is Meta

Facebook rebrands itself as ‘Meta’

Facebook Inc is now called Meta, the company has said, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the succ...

Facebook

Facebook invests billions in metaverse efforts as ad business slows

Facebook said it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build ...

Platform News: Social media titan, Facebook

Changing Facebook’s name unlikely to deter lawmaker or regulatory scrutiny

Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, market...

Facebook

Understanding the “metaverse”?

Facebook, which is under fire from regulators and lawmakers across the world, is planning to rebrand itself with a new name that focuses on the metaverse, well connected tech publi...

Facebook, WhatsApp and Instagram

The Verge: Facebook plans to change its name

Social media giant Facebook is planning to rebrand itself with a new name next week to reflect its focus on building the metaverse, the Verge has reported, citing a source with dir...

Facebook

Facebook plans to hire 10,000 in EU to build ‘metaverse’

Facebook plans to hire some 10,000 new employees across the EU over the next five years, the social media giant has said, to help build the so-called metaverse – a nascent on...

Platform News: Facebook

Facebook invests $50 million to build the ‘metaverse’ in responsible manner

Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse, a digital world where people can use different devices to move and ...

Platform News: Facebook VR

Facebook launches VR remote work app, calling it a step to the ‘metaverse’

Facebook Inc has launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets can hold meetings as avatar versions of themsel...

Platform News: Social media titan, Facebook

Facebook’s slowdown warning hangs over strong ad sales,

Facebook Inc has said it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it re...

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