virtual reality
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Facebook Has Lost Nearly $28 Billion to VR Since 2020
A metaverse filled with digital worlds and avatars might be coming someday, but it won’t be cheap. Facebook parent company Meta has released its financial results for the first quarter of 2022 and it shows that this year alone, the company’s virtual reality-focused department has lost $US2.96 billion (around $4 billion) so far. This continues…
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Meta is Opening a Physical Store to Make You Change Your Mind About the Metaverse
Meta is opening its first physical retail store in an effort to familiarise consumers with virtual reality and the ‘metaverse’.
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Meta Wants You to Sell Virtual Stuff, but You Gotta Pay the Metaverse Tax
Meta’s first attempt at VR ads was a major flop. Now, the company is shifting to a different money-making strategy.
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Nintendo’s Nicest Ex-Prez: Facebook’s Metaverse Sucks
Meta (formerly Facebook) might want to put on a VR headset and spend eternity in the metaverse because the company won’t want to show its face after a former Nintendo executive dressed the company down this weekend.