Four years in, Meta has burned through $45 billion chasing its metaverse dream
Internal chaos, unqualified leadership, and lack of a clear plan has allegedly contributed to losses
Rockstar is in talks with Fortnite and Roblox creators about user-generated GTA 6 content
It's also met with GTA Online creators
Unreal Engine 6 teased – Epic emphasizes interoperability and ease of use
Epic trying to make the metaverse's "carry purchases between games" promise a reality
Disney invests $1.5 billion in Epic Games to forge expansive universe within Fortnite
What just happened? Disney is making its largest-ever investment in the gaming space by taking a $1.5 billion equity stake in Epic Games. The deal will also see the creation of an "expansive and open games and entertainment universe" that will interoperate with Fortnite. Disney explained that consumers will be able to play, watch, shop and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more.
Meta's VR/AR division had its best and worst quarter as total losses pass $42 billion
Reality Labs is costing Meta a lot of cash
Meta's VR division lost $3.7 billion last quarter, bringing total losses to almost $40 billion since 2020
The metaverse division's quarterly revenue was its lowest on record
Watch Mark Zuckerberg awkwardly attempt to hype a Snoop Dogg chatbot
Dogg as "The Dungeon Master" is not cool, it's cringe
Watch Tampa Bay and Los Angeles duke it out in MLB's first regular-season game in its "Virtual Ballpark"
It's a digital 'watch party,' and everyone is invited
Meta's Reality Labs has now lost $40 billion, yet the company just had its best quarter since 2021
"I do think that this is the direction that the world is going in," said Zuckerberg
Meta's Reality Labs lost $3.99 billion last quarter, bringing its total losses since 2020 to $30 billion
Do people even care about the metaverse anymore (or to begin with)?
Epic Games explains why it still believes in the Metaverse
Sweeney highlights the need for standards in building blocks and programming languages
Disney lays off entire division responsible for its metaverse plans
Remember when companies were excited about the metaverse?
Senators tell Zuckerberg to keep the metaverse an adults-only space
Another blow for the struggling Horizon Worlds app
Meta's Reality Labs lost $14 billion last year
Metaverse division lost over $4 billion in Q4 2022, Meta undeterred
Meta is ending support for the original Oculus Quest VR
No more feature updates, security patches stop next year
Declining VR headset sales could spell bad news for the metaverse
Should Meta be concerned?
Facebook in the Metaverse of Madness
The technology is just not there yet, and the entire concept might not be either
Meta's AI-assisted audio codec claims 10x compression rate compared to MP3s
Encodec utilizes AI for extreme efficiency and bandwidth saving
Meta value down $520 billion over last year, threatening its position as a top 20 company
Zuckerberg's personal fortune is down $76.8 billion over the same period
Analyst believes most metaverse business projects will close by 2025
A disaster or a $13 trillion success? Only time will tell
John Carmack expresses disappointment, caution in Metaverse progress
Keynote includes a deep dive on Meta VR development progress
The Analog Embrace: How Some Experiences Are Surviving the Digital Age
Zeroes and ones were promised to be the future, a digital media has taken over, but in some situations customers are returning to analog experiences in search of something more tangible.
