Tag: metaverse
Meta to launch Metaverse in Côte d’Ivoire
The African subsidiary of Meta Platforms, owners of Facebook, Instagram and WhatsApp have announced that the next deployment of the Metaverse will be in...
Mark Zuckerberg’s fortune soars this year
Mark Zuckerberg was all-in on the metaverse last year, willing to spend whatever it took to dominate virtual reality.
And it cost him, big time....
Disney cuts off Metaverse unit
The metaverse was dealt yet another blow as entertainment giant The Walt Disney Company reportedly eliminated a unit developing the technology, resulting in 50...
Meta investors losing faith in metaverse bet
Meta Platforms shareholders reportedly hit out at the company’s management about its plans to increase spending on its long-term bet around the metaverse, following...
Meta value takes $65 billion hit in Q3
Meta Platforms third quarter results failed to convince investors that its big bet on the metaverse was bearing fruit, as slowing revenue growth and...
MTN Group to host Africa’s first virtual concert in the metaverse
MTN Group has announced that it will host an Africa-first virtual concert on 30 November 2022 in Ubuntuland, Africa’s metaverse.
In February this year, MTN...
Meta targets professionals with latest Quest Pro
Meta Platforms CEO Mark Zuckerberg has unveiled its latest VR headset, featuring mixed reality elements designed to expand the use case beyond entertainment into...
Metaverse value to hit US$800 billion, as devices reach 100 million...
The value of metaverse market size could hit $800 billion in global revenues by 2024 as devices are expected to cross 100 million according...
Mark Zuckerberg’s fortune drops by $71 Billion
Mark Zuckerberg’s pivot into the metaverse has cost him dearly in the real world.
Even in a rough year for just about every US tech...
Qualcomm to build custom VR chips for Meta Platforms
Meta Platforms signed an agreement to have chip-maker Qualcomm produce custom chipsets for its Quest virtual reality devices, the companies announced at a consumer...