Metaverse (Internet)
F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta
WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised […]
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F.T.C. Sues to Block Meta’s Virtual Reality Deal as It Confronts Big Tech
WASHINGTON — The Federal Trade Commission on Wednesday filed for an injunction to block Meta, the company formerly known as Facebook, from buying a virtual reality company called Within, potentially limiting the company’s push into the so-called metaverse and signaling a shift in how the agency is approaching tech deals. The antitrust lawsuit is the […]
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Meta Reports First Revenue Decline and 36 Percent Profit Drop
SAN FRANCISCO — For years, Facebook’s sales grew without fail and kept on growing, defying the laws of gravity even as the company was battered by scandals over privacy and misinformation. Not anymore. On Wednesday, Meta, the company formerly known as Facebook, reported a 1 percent decline in quarterly revenue from the previous year. It […]
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How Mark Zuckerberg Is Leading Meta Into Its Next Phase
SAN FRANCISCO — Mark Zuckerberg, the founder and chief executive of the company formerly known as Facebook, called his top lieutenants for the social network to a last-minute meeting in the San Francisco Bay Area this month. On the agenda: a “work-athon” to discuss the road map for improving the main Facebook app, including a […]
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As Midterms Loom, Mark Zuckerberg Shifts Focus Away From Elections
Mark Zuckerberg, Facebook’s chief executive, made securing the 2020 U.S. election a top priority. He met regularly with an election team, which included more than 300 people from across his company, to prevent misinformation from spreading on the social network. He asked civil rights leaders for advice on upholding voter rights. The core election team […]
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Metaverse Lessons From Hollywood
Decades ago, Steve Perlman’s technology helped kick-start an era in which figments of Hollywood imagination feel increasingly authentic. Now, Mark Zuckerberg and other technologists are dreaming of a future in which we spend more of our time in immersive digital worlds, called the “metaverse.” And Perlman has advice for metaverse creators: Focus on the face. […]
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Out With the Facebookers. In With the Metamates.
Google’s employees are called Googlers. Amazon’s workers are known as Amazonians. Yahoo’s employees were Yahoos. So it was a conundrum for employees at Facebook, long known as Facebookers, when the company renamed itself Meta late last year. The terminology is now no longer in question. At a meeting on Tuesday, Mark Zuckerberg, Facebook’s founder and […]
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Meta and Salesforce Talk Metaverse in Super Bowl Ads
Real world or virtual world? Take your pick. Meta, the parent company of Facebook, set its Super Bowl ad in the metaverse. In the ad, an animatronic dog and its friend, a pink-tentacled monster, are separated in their physical reality but reunited via the company’s Quest 2 virtual reality headsets. Last week, Meta shares sank, […]
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After Pak and Beeple, What’s Next for NFT Collectors? Art Made With a Paintbrush
Felix Xu started his NFT art collection by purchasing a Chromie Squiggle, generated by an algorithm. Today, Xu, a 29-year-old Chinese tech executive, has more than 3,000 blockchain-based collectibles. But there is a hole burning in his crypto wallet that he would like to fill with real paintings. His budget stretches toward $500,000 and he […]
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