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☆ Meta was our second-best stock performer last year. Here's what we see in store for 2024
▼ + stars: | 2024-01-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Meta Platforms ' savvy use of artificial intelligence and untapped potential in business messaging are reasons why we see more upside ahead for the stock in 2024. The stock nearly tripled last year and was the second-best performing Club stock behind Nvidia . Here's a timeline of Meta's stock performance around earnings in 2023. Outside of AI, Meta continues to grow its successful business messaging across its services. Given that TikTok's Chinese owner ByteDance is facing backlash from U.S. officials, a potential TikTok ban in the U.S. would be a major catalyst for Meta stock.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Jim Cramer, We're, ByteDance, Jim Cramer's, Jim, Benoit Tessier Organizations: Nvidia, Meta, Facebook, UBS, Hamas, Reality Labs, Meta's, Apple, CNBC, Inc, Viva Technology, Porte de Locations: U.S, Porte, Paris

☆ Here’s a rapid-fire update on all 33 stocks in our portfolio, including those Cramer would buy on dips
▼ + stars: | 2023-12-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo

AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.

Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, –, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China

☆ Exclusive: Meta's head of augmented reality software stepping down
▼ + stars: | 2023-11-17 | by ( Katie Paul | ) www.reuters.com time to read: +3 min

REUTERS/Eric Gaillard/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Meta's (META.O) head of augmented reality software is stepping down from his role, a company spokesperson told Reuters on Friday, raising questions about the company's progress in developing a custom operating system for its planned AR glasses. A Meta spokesperson confirmed Box would be leaving the company at the end of this week and said he was doing so for personal reasons. It aims to ship its first AR glasses to consumers in 2027. The Meta spokesperson declined to address the roadmap or whether the OS that Box's team was building would be in the first generation AR glasses. Box is known for having led the creation of the Xbox One operating system and later heading Microsoft's core operating system group, which works across all Windows products.

Persons: Eric Gaillard, Don Box, Mark Zuckerberg, Andrew Bosworth, Meta, Katie Paul, Kenneth Li, Daniel Wallis Organizations: Cannes Lions International, Creativity, REUTERS, Meta, Reuters, Labs, Microsoft, Xbox, Thomson Locations: Cannes, France

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Adobe is selling AI-generated images of the Israel-Hamas war, and some websites are using them without marking that they're fake
▼ + stars: | 2023-11-08 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Adobe is selling AI-generated images that depict the Israel-Hamas war in varying degrees of realism. AdvertisementAdvertisementAdobe is selling AI-generated images depicting the Israel-Hamas war. Adobe Stock, which sells images submitted by individual artists, requires that all AI-generated images on the platform be labeled as such. AdvertisementAdvertisementOne AI-generated image is titled "Wounded Israeli woman clings to military man, begging for help." AI images can often look "plasticky" or overly-stylized, and might have aesthetic inconsistencies in their lighting, shapes, or other details.

Persons: —, it's, Henry Ajder, Ajder Organizations: Adobe, Service, Hamas, Adobe Stock, Google, Meta's Reality Labs Locations: Israel, Palestine, Gaza, israel, palestine

☆ Premarket stocks: It’s a spooky Halloween for markets. Here’s why
▼ + stars: | 2023-10-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Here’s what’s causing the market fears:High bond yieldsSurging yields have contributed to one of the worst periods for bond market performance in history and pressured equity markets. The company reported quarterly profits of $9.9 billion, also beating estimates. Shares of Meta slid last week after the Facebook parent company reported that advertising revenue had been soft this quarter. Jerominski told CNN that there have been at least 25 store closures. Fraser Engerman, a Walgreens spokesperson, told CNN that just two stores closed on Monday and no more than 12 pharmacists walked out across the entire country.

Persons: Dow, Rob Almeida, ”, Jason Pride, “, don’t, Erik Weisman, Seema Shah, JPMorgan Chase, Jamie Dimon, Wall, Shane Jerominski, Jerominski, Fraser Engerman, Max —, Tim Cook, Apple Organizations: CNN Business, Bell, New York CNN —, Traders, Nasdaq, MFS Investment Management, Federal Reserve, Asset Management, LPL Research, JPMorgan, Big Tech, Meta, Facebook, Reality Labs, Google, CVS, Walgreens, Staff, CNN, Workers, Apple Locations: New York, United States, Israel, Russia, Ukraine, China, Arizona , Washington , Massachusetts, Oregon, Southern California, Chicago, Deerfield, Apple’s Cupertino , California

☆ Is Meta a buy after the brutal tech sell-off? Here's what the pros are saying
▼ + stars: | 2023-10-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.

Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, —, Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta

☆ Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz are worth
▼ + stars: | 2023-10-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg's Meta has recorded nearly $50 billion of metaverse losses in under five years. "We expect our RL operating losses to increase meaningfully in 2024," they noted in Meta's third-quarter earnings. Meta's metaverse losses to date exceed the market capitalization of Ford ($45 billion), Keurig Dr. Pepper ($41 billion), Hershey ($39 billion), Kraft Heinz ($39 billion), and many other large companies. They could soon overtake Lululemon ($49 billion), Chipotle ($50 billion), Target ($51 billion), and Monster Beverage ($52 billion) in size. They would also be worth nearly half as much as Zuckerberg ($105 billion).

Persons: Mark Zuckerberg's Meta, Kraft Heinz, Nike's Phil Knight, Nvidia's Jensen Huang, Ken Griffin, —, Zuckerberg's Meta, Zuckerberg, Dr, Pepper, Phil Knight, Jensen Huang, Taylor Organizations: Ford, Hershey, Service, Reality Labs, Lululemon, Monster Beverage, Bloomberg, Nike, Nvidia, Citadel, Meta, NBA Locations: Meta's

☆ US markets sink as tech stocks sell off
▼ + stars: | 2023-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks fell Thursday morning under the pressure of disappointing third-quarter results from Big Tech companies and high Treasury yields. Shares of Meta slid about 2.6% on Thursday morning after the Facebook parent company reported that advertising revenue had been soft this quarter. Shares of other big tech companies fell alongside Meta and Alphabet. The top tech companies in the US — Apple, Amazon, Nvidia, Microsoft and Alphabet — combine to make up a quarter of the S&P 500’s value, giving them an outsized impact on investors’ portfolios. Tech stocks have also felt the impact of rising Treasury yields.

Persons: Dow, Wall Organizations: New, New York CNN, Big Tech, Nasdaq, Meta, Facebook, Reality Labs, Google, Microsoft, Apple, Nvidia, Gross, Commerce Department Locations: New York

☆ CNBC Daily Open: Meta outperformance
▼ + stars: | 2023-10-26 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

(Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In its third-quarter earnings report, the Facebook parent said revenue increased 23%, its fastest rate of growth since 2021. Meta is seeing faster growth in its core digital advertising business as clients rebound from a tough 2022. Meta said it expects revenue of $36.5 billion to $40 billion for the fourth quarter.

Persons: Stocks, Spencer Platt, Ford, Mattel, Meta, Mark Zuckerberg’s, Susan Li, —, Jonathan Vanian Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, Labor, United Auto Workers, IBM, Wall, Google, Meta, Labs, Treasury Locations: New York City, China, Israel

☆ CNBC Daily Open: Shiny Meta
▼ + stars: | 2023-10-26 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

(Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But in its third-quarter earnings report, Meta revealed its Reality Labs unit, which develops metaverse-related technologies, recorded a $3.74 billion operating loss. IBM beatsIBM shares rose 1% in extended trading after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. New Morgan Stanley CEOMorgan Stanley said Ted Pick will succeed James Gorman as CEO at the start of 2024.

Persons: Stocks, Spencer Platt, Rosy Meta Meta, Meta, Mattel, Max, New Morgan Stanley, Morgan Stanley, Ted Pick, James Gorman Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, Treasury, Nasdaq, Dow Jones, Rosy Meta, Facebook, Labs, IBM, Wall, Boeing, New Locations: New York City

We're buying 200 shares of Coterra Energy (CTRA) at roughly $28 each. Following Thursday's trade, Jim Cramer's Charitable Trust will own 1950 shares of CTRA, increasing its weighting to about 2% from 1.83%. CTRA 1M mountain Coterra Energy 1-month Coterra Energy is an exploration and production company that is roughly split evenly between oil and natural gas . More importantly, the reason to own Meta stock has not changed as it has effectively leveraged AI to increase engagement on its platforms as well as monetization. An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022.

Persons: Jim Cramer's, We've, Exxon Mobi, we've, BOE, Hess, Coterra, Mark Zuckerberg's, Jim Cramer, Jim, Joe Raedle Organizations: Coterra Energy, CTRA, Natural Resources, Exxon, Coterra, Chevron, Reality Labs, Meta, CNBC, Getty Locations: Odessa , Texas

☆ Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter
▼ + stars: | 2023-10-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta said Reality Labs' revenue was down 26% this quarter, but it's still a "major long-term focus." Meta posted its third-quarter earnings report on Wednesday, which showed that Reality Labs lost $3.7 billion, the same amount as the previous quarter. Reality Labs is responsible for Meta's VR and metaverse push. It seems that Zuckerberg is exercising patience in seeing whether Reality Labs can reach profitability.

Persons: Meta, it's, —, Zuckerberg, Susan Li, they'd, Meta didn't Organizations: Reality Labs, Labs, Service, Meta, VR, Reuters, Staff

☆ Jim Cramer names six stocks worth looking to buy if there's a major sell-off
▼ + stars: | 2023-10-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said investors should be looking for damaged stocks, not damaged companies, in the event of a major sell-off. Cramer listed the names of six stocks that are worth looking at to buy on the way down:Microsoft : Cramer said the tech giant delivered a great quarter, seeing positive results from its cloud business, Azure. WM : WM, formerly known as Waste Management, saw a boost in gross margins from its use of automation, Cramer said. Meta : Cramer praised Facebook parent Meta's most recent quarter but pointed out the stock is currently trading at a low price-to-earnings multiple. "There will be other stocks that will be worth buying into the eventual crescendo of selling," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Meta's Instagram Organizations: Microsoft, Activision, WM, Waste Management, Reality Labs, Procter & Gamble, General, GE Locations: Israel

☆ Mark Zuckerberg says he never expected people to be walking around wearing VR headsets — that's what the Ray Ban glasses are for
▼ + stars: | 2023-10-26 | by ( Nidhi Pandurangi | Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Zuckerberg said a world full of people walking around in VR headsets is "certainly not the future that I'm hoping we get to." Instead, his goal is for the AR glasses to become a smart phone replacement. "That's certainly not the future that I'm hoping we get to," Zuckerberg told neuroscientist and podcast host Andrew Huberman during an episode of Huberman's show that aired on Monday. In the conversation, Zuckerberg said he viewed Meta's new Quest 3 VR headsets as a successor to people's desktop-based workstations. Last year, one former Meta employee told the Verge's Alex Heath that Zuckerberg's ego is intertwined with the glasses.

Persons: Mark Zuckerberg, Priscilla Chan, Andrew Huberman, Zuckerberg, —, that's, That's, he's, Huberman, Meta's, hasn't, Alex Heath, Heath Organizations: Service, company's Connect, Reality Labs, Meta

☆ Meta to report third-quarter earnings after the bell
▼ + stars: | 2023-10-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Meta is set to report third-quarter earnings after the bell Wednesday. The company is expected to show growth of 21% in the third quarter after sales increased 11% in the prior period. Meta appears to be the furthest along in terms of improving the effectiveness of its online ad platform following Apple's changes. Meta, X and others must adhere to the DSA by removing illegal content and detailing how they're doing it.

Persons: Mark Zuckerberg, that's, Susan Li, Snap Organizations: Meta, U.S, Senate, Intelligence, Capitol, Washington , D.C, StreetAccount, EU, Digital Services, European Commission, Russia, Reality Labs Locations: Washington ,, U.S, Israel, Ukraine

☆ Meta’s Reality Labs loses $3.7 billion in third quarter as Zuckerberg's big bet keeps bleeding cash
▼ + stars: | 2023-10-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Revenue in the virtual reality and augmented reality division dropped 26% from $285 million a year earlier, to $210 million. The new product contains an improved "passthrough" feature that creates more of a mixed reality experience. The Quest 3 has a starting cost of $499, which is $200 more than the Quest 2 but $500 cheaper than the high-end Quest Pro VR headset. In June, Meta debuted the Meta Quest+ VR subscription service for users who want to access two new games each month. The subscription service costs $7.99 a month and works with the Quest 2, Quest Pro and Quest 3 VR headsets.

Persons: Mark Zuckerberg, Meta, Francis Haugen Organizations: Meta, Inc, Revenue, Reality Labs, Facebook, VR, Developers, CNBC, Quest Pro Locations: New York

☆ Meta's Q4 guidance that knocked the stock lower is not a reason to sell
▼ + stars: | 2023-10-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Meta Platforms (META) reported strong third-quarter results thanks to a rebound in advertising sales and continued cost discipline in CEO Mark Zuckerberg's "year of efficiency. The stock traded higher most of the evening, clawing back some of the losses from Wednesday's broader market selloff. Lastly, Meta picked up the pace on share buybacks in the quarter, repurchasing $3.7 billion worth of stock. Meta repurchased $9.22 billion worth of stock in the first quarter and only $793 million in the second quarter. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mark Zuckerberg's, Meta, clawing, Jim Cramer, we've, Zuckerberg, Jim Cramer's, Jim, Tobias Schwarz Organizations: Revenue, Meta, Nvidia, Reality Labs, Facebook, Apps, Apple, CNBC, Visitors, AFP, Getty Locations: U.S, Canada, Berlin

☆ Nasdaq 100 futures slide Wednesday evening following sharp selloff: Live updates
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. Nasdaq 100 futures slipped on Wednesday evening following a sharp selloff in the regular session. Nasdaq 100 futures dropped 0.7%, while S&P 500 futures fell about 0.4%. Alphabet's Class-A shares suffered their worst day since March 2020. The tech-heavy Nasdaq Composite , meanwhile, lost 2.4% and recorded its worst day since Feb. 21, while the 30-stock Dow shed 0.3%.

Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Facebook, Labs, Meta, Technology, Google, Dow, Amazon, Ford Locations: New York City, U.S

☆ Morning Bid: Yen back near 150 as intervention chatter swirls
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Tokyo has not confirmed any such move to support the yen , with both Japan's finance minister and its top currency diplomat making no direct comment. Tokyo last intervened to buy yen in September and October last year, when the currency eventually slumped to a 32-year low of 151.94 per dollar. In Asian hours, the yen was back just below the 150 mark and last at 149.27 per dollar. They continue to sell bonds, sending yields higher with the 10-year Treasury yield at a fresh 16 year peak. The benchmark 10-year Japanese government bond yield also clung to a 10-year high.

Persons: Kim Kyung, Ankur Banerjee, Kevin McCarthy, Edmund Klamann Organizations: National Printing Bureau, Bank of Japan, REUTERS, Ankur, Reuters, U.S . House, Ofcom, Labs, Thomson Locations: Tokyo, Japan, United States, U.S, Germany, France, Italy

☆ Exclusive: Meta to lay off employees in metaverse silicon unit on Wednesday
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Meta logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo Acquire Licensing RightsNEW YORK, Oct 3 (Reuters) - Meta (META.O) is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday. Employees were informed in a post on Meta's internal discussion forum Workplace on Tuesday they would be notified about their status with the company by early Thursday morning, one of the sources said. Reporting by Katie Paul Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Katie Paul, Chris Reese Organizations: REUTERS, Labs, Reuters, Employees, Thomson

☆ Mark Zuckerberg agreed it could be possible to use the Metaverse to bring back the dead virtually
▼ + stars: | 2023-10-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg recently demoed his humanlike VR avatars in an interview in the Metaverse. In a recent interview with podcaster Lex Fridman, Meta CEO Mark Zuckerberg discussed the future possibilities of VR and the Metaverse. During the interview, which took place in the Metaverse, Fridman said: "I would love to talk to people who are no longer here that are loved ones. Meta has struggled to maintain consumer and investor interest in its Metaverse after being hyped as the next big thing. Reality Labs, the division that handles metaverse work, lost nearly $14 billion in 2022 and was hit by layoffs.

Persons: Mark Zuckerberg, Zuckerberg, —, Lex Fridman, Fridman, Meta Organizations: Service, Eiffel, Labs

☆ Meta announces new Quest 3 VR headset as Apple competition looms
▼ + stars: | 2023-09-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Meta announced Quest 3, a sequel to the bestselling VR headset of all time, on Wednesday. Other improvements include "pancake lenses," a kind of optic first used on Meta's $1,499 Quest Pro that make images sharper and allows for higher resolution. The release of Meta's latest VR headset comes as a battle looms with Apple in virtual reality. Its Quest 2 is by far the bestselling VR headset, with nearly 10 million units sold last year, slightly down from a pandemic peak, according to an industry estimate. Apple's Vision Pro headset won't go on sale until next year, and costs significantly more than Meta's headsets, starting at $3,499.

Organizations: Meta, Qualcomm, Apple, Facebook, VR, Reality Labs

☆ Mark Zuckerberg has embraced a 'martial arts view of the world,' says Spotify CEO Daniel Ek
▼ + stars: | 2023-09-27 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg has embraced a "martial arts view of the world," says Spotify CEO Daniel Ek. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementMeta CEO Mark Zuckerberg, who spent the summer getting shredded and talking about a cage fight with Elon Musk, has embraced a "martial arts view of the world." That's according to Spotify CEO Daniel Ek, who discussed the public's perception of Zuckerberg with Forbes in a story published on Tuesday. In August 2022, Zuckerberg spoke about his martial arts journey on an episode of the "The Joe Rogan Experience" podcast, saying he found the sport to be both physically and intellectually engaging.

Persons: Mark Zuckerberg, Daniel Ek . Ek, Zuckerberg, Elon Musk, —, Daniel Ek, Ek, Joe Rogan, Insider's Jyoti Mann, Dan Schulman, Krav Maga, Joanna Pineda Organizations: Forbes, Service, PayPal, Matrix Group, hapkido Locations: California, Meta

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