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Meta pulls out Deloitte to plug in the metaverse. Is anyone really convinced?
Comment Meta Platforms, Inc., which changed its name from Facebook two years ago to signal its commitment to the so-called metaverse, continues to insist that the much-vaunted digital environment has economic potential. Of course, he has yet to realize that potential, or anything like it. The social advertising industry spent $13.72 billion on technology in 2022 to generate $2.16 billion in sales. And last month it revealed it had spent an additional $3.99 billion in the first quarter of 2023 to build its virtualized madness, to see $339 million in revenue. He predicts the cash conflagration will shine through the year: “We continue to expect Reality Labs’ operating losses to…
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The metaverse has definitely lost its speed, but is it dead? | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. The Metaverse: an immersive virtual world where we can interact with each other using smartphones, PCs, special glasses or VR headsets. A digital world that, until recently, enjoyed enormous hype and enthusiasm for the opportunities it could have presented for businesses and consumers. The Metaverse arrived with a variety of investment and income opportunities, where users could purchase a wide variety of digital goods and services for their avatars and their own virtual experiences. Ranging from branded accessories to cars in virtual stores and even the ability to purchase virtual land. The NBA’s Brooklyn Nets made sports history as the first professional…
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AMC Entertainment and Warner Bros Earnings, Broadcom CEO proposes to offer European regulators a deal with VMware, Apple and Meta Brace for the virtual reality competition: the best stories of the day
Reuters Broadcom CEO prepares to ease European regulators’ concerns over VMware deal On Friday, the American chipmaker Broadcom Inc. (NASDAQ:AVGO) CEO Hock Tan offers to present to EU antitrust authorities the pro-competitive nature of his $61 billion bid for a cloud computing company VMware Inc. (NYSE:VMW). Tan will present his case to senior European Commission officials, including its deputy director-general for mergers Guillaume Loriot, as well as their counterparts at national competition agencies and lawyers for the EU executive. VMware Chairman Sumit Dhawan will appear remotely at the hearing. Benzinga AMC Entertainment Q1 Results: Theater Chain Exceeds Expectations as Avatar and Marvel Franchises Help Maintain Winning Streak AMC Entertainment Holdings…
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Meta Quest 2 tips and tricks: how to get the most out of your VR headset
The Meta Quest 2 is an excellent VR headset that is very flexible and very fun to play. There are a few things you can do to get even more out of it, so we’re here with some tips and tricks to help you get the most out of your favorite VR device. Plush pocket Keep your Quest 2 up to date It may seem obvious, but it’s worth keeping your Meta Quest 2 headset up to date. The company regularly releases new headset updates that include significant improvements you don’t want to miss. Recent updates include, for example, parental supervision tools and a smart system that can automatically update…
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