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Search resuls for: "Mark Zuckerberg's Meta"


12 mentions found


☆ Apple reportedly set to announce 'Reality Pro' VR headset this spring and will ship it in the fall
  + stars: | 2023-01-09 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +2 min
The silhouette of Tim Cook, chief executive officer of Apple, during the Apple World Wide Developers Conference (WWDC) in San Francisco. Apple will unveil its highly anticipated mixed-reality headset this spring, with consumer deliveries beginning in fall 2023, Bloomberg recently reported. Kuo also anticipated that Apple would announce its headset in the spring or at Apple's developer event in June. Bloomberg said on Sunday that Apple's anticipated headset would run on a new operating system, dubbed xrOS, and that Apple had already granted a select group of software developers access to the platform. Apple's software enables companies and developers to let users do anything from trying on glasses to model furniture purchases in their personal spaces.
☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
  + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +9 min
In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.
☆ Apple job listings suggest the company is building a metaverse of its own for its long-rumored headset
  + stars: | 2022-11-14 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
Apple is looking for engineers who can develop a 3D mixed-reality world for its coming headset. Tim Cook and another Apple executives have previously said they avoid using the word "metaverse." The company's development of a virtual and augmented reality headset was reported in early 2021, and trademark filings from August show that Apple may call the headset "Reality One" or "Reality Pro." Apple CEO Tim Cook previously told Dutch media outlet Bright that he avoids using the word "metaverse." Apple is expected to release its first mixed-reality headset in 2023, Bloomberg reported.
☆ The Oculus founder who was later fired by Facebook created a VR headset that can kill people in real life if they die in a game
  + stars: | 2022-11-08 | by ( Samantha Delouya | ) www.businessinsider.com   time to read: +1 min
Palmer Luckey, who created Meta's Oculus, created a VR headset that kills users in real life if they die in a video game. "The idea of tying your real life to your virtual avatar has always fascinated me," Luckey recently wrote. Luckey sold Oculus, the backbone of Mark Zuckerberg's metaverse pivot, to Facebook in 2014 for $2 billion. The original creator of the Oculus headset, which now serves as the backbone for Mark Zuckerberg's metaverse ambitions, wrote in a blog post that he had modified a VR headset to explode when the wearer loses in a video game, killing the user in real life, too. In the post, titled "If you die in the game, you die in real life," Luckey said he was inspired to create the deadly gaming device by a fictional VR headset called "NerveGear" featured in an anime television series called Sword Art Online.
☆ Billionaire Barry Diller said there is something 'quite odd' in Mark Zuckerberg's decision to turn Facebook into Meta
  + stars: | 2022-11-07 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
IAC founder Barry Diller said "something is quite odd" in Mark Zuckerberg's metaverse pivot. Meta has shed over 70% of its value since the Facebook founder changed its name. Diller has made billions in founding and investing in top media companies like Expedia Group, Fox Broadcasting Company and USA Broadcasting. Last week, Federal Communications Commissioner Brendan Carr told Axios regulatory agencies like the Council on Foreign Investment in the US should take action to ban the app which is owned by Chinese media company ByteDance. At Meta, Zuckerberg has continually copied the popular video-app, rolling out features like Instragram Reels.
☆ Meta investors reportedly 'got more disgusted' with Mark Zuckerberg's metaverse plans after he doubled down in the company's earnings
  + stars: | 2022-11-02 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Meta shareholders are becoming frustrated with Mark Zuckerberg's plans, Financial Times reported. Investors expressed their anger in meetings with Meta executives over the past week, per FT.Meta's shares plunged after its quarterly earnings report showed Zuckerberg was doubling down. Last week, Meta shares plummeted 24% after the company missed earnings targets and Zuckerberg said he intents to spend billions more on the metaverse project in the coming year. Investors have expressed their ire and frustration in meetings with Meta executives, including some with Zuckerberg over the past week, FT reported. Financial Times' recent report came after another investor published an open letter ahead of the company's quarterly earnings report, saying Meta has "lost the confidence of investors."
☆ How an $18-an-hour Amazon warehouse job cured one former tech exec's burnout
  + stars: | 2022-10-28 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +5 min
It's been a wild week in tech, made even more wild by Elon Musk's Twitter deal closing last night. We've got a ton of news this morning, including an account from a longtime tech exec who took a job at an Amazon fulfillment center to help cure his burnout. How an $18-an-hour Amazon warehouse job cured one tech exec's burnout. He decided to quit his CEO job and, eventually, take on a seasonal role at an Amazon fulfillment center. How Elon Musk's "autocratic leadership" will change Twitter.
☆ The memes that relentlessly mocked Mark Zuckerberg's metaverse avatar seem to have struck a nerve with the CEO
  + stars: | 2022-10-27 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Mark Zuckerberg seems to have taken the memes that mocked his metaverse avatar to heart. During the call, the Meta CEO appeared to defend himself against viral memes that mocked his metaverse avatar earlier this year. In August, Zuckerberg posted a selfie of an early version of his metaverse avatar in front of the Eiffel Tower on Facebook. Zuckerberg seemingly responded to the memes by posting a more advanced version of his avatar on his Instagram. He added that "major updates" were coming to metaverse avatar graphics soon.
☆ Meta says it's laying off staff and easing off hiring to reduce costs – but will keep pumping billions into Mark Zuckerberg's metaverse
  + stars: | 2022-10-27 | by ( Grace Dean | ) www.businessinsider.com   time to read: +4 min
Meta is cutting hiring and laying off staff to trim costs, CFO David Wehner said Wednesday. But Meta will continue pumping billions into its metaverse business, execs said Wednesday. Meta expects its headcount to remain roughly flat between now and the end of 2023, Wehner said. "We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year," Wehner said. Meta has been under pressure from Wall Street to reduce spending, especially on its metaverse projects.
☆ 3 things not to do when pitching your startup to a VC, according to a partner at a $750 million crypto venture firm
  + stars: | 2022-10-26 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +6 min
Marc Weinstein, a partner at VC firm Mechanism Capital, has cut 100 checks as an angel investor. The crypto venture firm grew from $500,000 to a peak AUM of $750 million in two years. But venture firms like Mechanism Capital say there are still tons of deals to be made. Founders who are 'catching the latest fad'The Mechanism Capital partner is focused on the team's backgrounds and what they've accomplished in the past. The firm, Weinstein included, looks for a certain level of consistency in their potential portfolio companies.
☆ Meet the wealthy ex-Goldman Sachs junior banker and hedge-fund manager taking over as the UK's new prime minister
  + stars: | 2022-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
We've got famous authors yelling at Jamie Dimon, rich Russians heading to your favorite all-inclusive, and more people complaining about Mark Zuckerberg's metaverse infatuation. The UK has a new prime minister — no, it's not the head of lettuce — and he comes from the world of Wall Street! Rishi Sunak, a former finance minister, officially became prime minister on Tuesday after meeting with King Charles. Sunak's early career reads like a typical Wall Street mogul:-Spend three years working as a junior analyst at a bank (Goldman Sachs). Grenada is proving to be an effective loophole for wealthy Russians looking to get US visas.
☆ Meta has spent $15 billion so far on its metaverse project. Here are some incredible things that cost less.
  + stars: | 2022-10-16 | by ( Samantha Delouya | ) www.businessinsider.com   time to read: +1 min
Meta's losses from its Reality Labs project total $15 billion since last year, with no end in sight. Meta's losses have come under scrutiny after some were disappointed in Mark Zuckerberg's recent update on the metaverse. Meta's losses from its metaverse project keep stacking up. The hefty price tag on Mark Zuckerberg's metaverse project appears even more substantial when it's put into perspective. Here are other incredible things that cost less than the amount Meta has reported as losses on its Reality Labs project since last year.
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