Category: metaverse

Facebook Plans to Hire 10,000 in EU to Build ‘Metaverse’

October 18, 2021
Business & EconomyCompaniesEUEuropeFacebookHirejobsMedia & Big TechmetaverseSocial MediaTechTech NewsUSUS NewsWorld
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Facebook plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse—an online world where people can use different devices to move and communicate in a virtual environment. Chief Executive Mark Zuckerberg has been talking up metaverse since July…

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Facebook Invests $50 Million to Build the ‘Metaverse’ in Responsible Manner

September 27, 2021
Business & EconomyFacebookMedia & Big Techmetaverse
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Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse—a digital world where people can use different devices to move and communicate in a virtual environment, it said on Monday. Facebook, the world’s largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as…

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Chinese Gaming and ‘Metaverse’ Shares Battered by Regulatory Squeeze

September 9, 2021
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesgamingInvestmentMarketsmetaverseregulatorysqueeze
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SHANGHAI—Chinese gaming and metaverse-related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate. In the latest blow to China’s online gaming sector, the South China Morning Post reported on Thursday afternoon that Beijing had temporarily suspended approvals…

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Mark Zuckerberg, China, and Facebook’s Brave New World

August 4, 2021
Big TechChinaChinese Regimedigital authoritarianismFacebookMark ZuckerbergmetaverseOpinionThinking About ChinaViewpoints
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Commentary Back in 2014, as tech journalist Cate Cadell noted at the time, a 30-year-old Mark Zuckerberg “sent the internet into a frenzy” after agreeing to do a Q&A in Chinese at an event hosted by Tsinghua University. The performance, added Cadell, “drew mixed reviews.” Some were quick to praise Zuckerberg’s “persistence.” Others, meanwhile, were determined to pick apart…

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