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The art of a good unicorn | Why startups can’t get enough of the Metaverse

The simulacra and simulation phenomenon were brought up by the French post-structuralist philosopher Jean Baudrillard, who said that society has “replaced all reality and meaning with symbols and signs, and that human experience is of a simulation of reality.” The real world has begun to emulate this idea. According to Baudrillard, “It is a question […]

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When a car rides into the metaverse

Car launches are usually a predictable affair—large pulsating stage, boisterous dealers, preening hosts and hostesses, and then the star of the show itself, a gleaming new car. The Volvo launch last week of its latest electric car was quite different, however: it was actually launched in the metaverse! Now, I have had a soft spot […]

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Business

The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough

Passengers at an American Airlines gate at the Dallas/Fort Worth International airport in Dallas. Scott Mlyn | CNBC It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle a record level of IPOs, and mortgage lenders added headcount as rock-bottom […]

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Mark Zuckerberg’s Path To “Owning The Entire Metaverse” Is Paved With Potholes

Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference … [+] while wearing a virtual reality headset in San Jose, California on October 6, 2016. Facebook unveiled new hardware for its Oculus division as part of a stepped-up effort to integrate virtual reality with the leading social network. The new offerings […]

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Business

Mark Zuckerberg says economic downturn is here, so Meta must do more with less

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must […]

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Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Revenue: $28.82 billion vs. […]

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Business

Facebook parent Meta raises price of its Quest 2 VR headset by $100

Facebook parent Meta has raised the price of its Quest 2 virtual reality headset by $100, as the company reckons with inflationary pressures. Meta announced the price increase on Tuesday via a Twitter post. Starting Aug. 1, the 128 GB version of the Quest 2 will cost $399, while the 256 GB model will cost […]

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Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok

Kylie Jenner on May 03, 2019 in New York City. Pierre Suu | GC images | Getty Images Celebrity sisters Kylie Jenner and Kim Kardashian criticized Instagram on Monday, urging the app to stop mimicking rival TikTok. To their hundreds of millions of Instagram followers, Jenner and Kardashian posted a message that read, “Make Instagram […]

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The metaverse is coming. Can it be saved?

When Facebook’s Mark Zuckerberg announced his company’s name change to “Meta” late last year, skeptics saw an attempt to deflect attention from emerging reports claiming the company was well aware of reports detailing how social media was harming democratic institutions and having bad effects on mental health, particularly for young women.  Zuckerberg responded to the […]

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How China Threatens to Splinter the Metaverse

When Mark Zuckerberg announced in October 2021 that Facebook was changing its name to Meta Platforms, the news made waves well beyond Silicon Valley. Overnight, it became the talk of the town in China as well, triggering fierce debates between founders, investors, and their corporations. It’s no surprise that the idea of the metaverse thrilled the […]