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Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?

Meta CEO Mark Zuckerberg has confirmed that 11,000 jobs are to go at the tech giant. This represents close to 13% of the company’s workforce.  In an internal memo, Zuckerberg blamed online commerce’s return to pre-covid trends, increases in competition, reduced advertising revenue, and a macroeconomic downturn. He went on to say that he takes … Continue reading Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?

Things Are Heating Up For Facebook’s (And Oculus’) Monopoly

If you read our blog regularly, then you’ll know I have made no secret of my dislike for Facebook’s recent decisions around Oculus products. When Facebook originally bought Oculus for a historically significant amount of money, many in the VR industry were concerned. Facebook saw Oculus as a company that could take it into the next generation … Continue reading Things Are Heating Up For Facebook’s (And Oculus’) Monopoly