Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg
Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming “someone has to build that.” Appearing remotely for an interview at the Nov. 30 DealBook Summit in New York, Zuckerberg was asked his thoughts on whether the tech giants’ Metaverse […]
‘Metaverse’ a top 3 contender for Oxford’s Word of the Year
The word “Metaverse” is one of three in the running to be crowned the Oxford “Word of the Year” (WOTY) in a competition run by the Oxford University Press (OUP), the publisher of the Oxford English Dictionary. OUP officially announced the launch of the competition and its three finalist words for 2022 on Nov. 22 […]
Crypto Biz: Crypto’s day of reckoning has arrived
Who would’ve thought that the implosion of Terra, the collapse of Three Arrows Capital and the bankruptcies of Celsius and Voyager wouldn’t be the most terrible crypto stories of 2022? In retrospect, crypto’s day of reckoning — and the new low for the cycle — hadn’t arrived even after all these tumultuous events. The industry’s […]
Facebook became Meta one year ago: Here’s what it’s achieved
It’s been just over a year since social media giant Facebook rebranded as Meta at the Facebook Connect conference on Oct. 28, 2021. The name change reflected the company’s growing ambitions to transcend past social media and into the world of Web3, crypto, NFTs, and the Metaverse — virtual worlds where consumers are likely to […]
Crypto Biz: Is Zuckerberg’s $100B metaverse experiment doomed to fail?
Not everyone is convinced that Mark Zuckerberg’s massive metaverse experiment is a good idea. Since Facebook rebranded to Meta in 2021, the social media giant’s focus has increasingly shifted to connecting the digital and physical worlds through augmented reality. However, a shareholder of the company recently issued a letter to the CEO calling the metaverse […]
Metaverse losses top $3.6B for Meta with spending set to increase

Big Five technology player Meta is still burning cash through its Metaverse research and development arm Reality Labs with a $3.67 billion loss posted for the third quarter of 2022, stating those losses will further deepen next year. The company’s Q3 2022 earnings released on Oct. 26 show the biggest-ever quarterly losses for Reality Labs […]
Facebook is on a quest to destroy the Metaverse and Web3
The future of how we socialize online is being defined as we speak, and it’s far too important to leave things to the likes of Meta and other mega social companies. Just a surface-level look at Meta’s history is enough to understand its tendency to severely miss the mark. Some companies like to use Web3 […]