Sunday, May 19, 2024
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The Metaverse

Facebook Owner Reports First Ever Revenue Drop

Meta, the company that owns Facebook, has reported a drop in revenue for the second quarter. According to The Verge, the giant tech company's revenue dropped by 1% to $28.8 billion, adding that in the third quarter these results could...

Did Mark Zuckerberg’s Meta Steal Another Company’s Name?

On Tuesday a VR company called Meta filed a lawsuit against Mark Zuckerberg's Meta, accusing it of trademark infringement. According to Business Insider, the company was founded in 2010 as MetaX LCC, applied for its trademark in 2016, and was...

Mark Zuckerberg Officially Launches Meta Pay

On Wednesday Mark Zuckerberg officially launched Meta Pay, a digital wallet for the metaverse. Zuckerberg said Meta Pay is exactly the same way Facebook Pay was, with improvements here and there to fit the idea of the metaverse. "It'll stay the...

Sheryl Sandberg is Stepping Down as Meta COO

Sheryl Sandberg is stepping down as COO, one of the highest-ranking executives of Meta, after 14 years of having worked with the company. According to The Verge, she will retain her seat on Meta's board. Mark Zuckerberg reportedly has no...

Meta to Ditch the “FB” Stock Ticker

Meta, the parent company of Instagram, Facebook and WhatsApp, announced on Tuesday that it is changing its ticker symbol from "FB" to "META" prior to the market opening on 9  June 2022. The company founded by Mark Zuckerberg rebranded from...

Researcher’s Avatar Sexually Assaulted – Turns Out the Metaverse is As Toxic

A non-profit organisation group, SumOfUS, published a report on 24 May 2022 that revealed that a researcher's avatar was sexually assaulted in Horizon World, a Meta-owned metaverse platform. The report titled "Metaverse: another cesspool of toxic content" details the researcher's...

The Opportunities of Healthcare in the Metaverse World

There is no shortage of transformational ideas for healthcare in the metaverse, from using Blockchain technology to properly 'owning' and effectively managing and sharing medical records to the birthing of a 'digital twin' not just for the moment, but...

Facebook to Shut Down Podcast Services on its Platform

Meta has informed its partners that it is pulling back on having podcasts hosted on its Facebook platform. According to a note to partners that was first seen by Bloomberg, the company said that no new podcasts or soundbites will...

Meta – Where Did Facebook Get Its New Name From?

During Facebook's Connect 2021 conference, CEO Mark Zuckerberg announced that the company would be renamed from "Facebook" to "Meta," and according to a statement from the firm, "Meta’s focus will be to bring the metaverse to life and help...
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Latest News

African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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