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Virtual Reality

Meta’s virtual reality division reports a jump in revenue but is still losing billions of dollars Virtual Reality

Meta’s virtual reality division reports a jump in revenue but is still losing billions of dollars

Meta, the parent company of Facebook, is betting its future on the metaverse, and specifically around the augmented and virtual reality sector known as Reality Labs. That sector, however, reported a $2.8 billion loss as the company saw lower than expected profit and its first revenue decline since going public…
bubmag
July 28, 2022
FTC moves to block Meta’s purchase of ‘Supernatural’ VR workout app maker Within Virtual Reality

FTC moves to block Meta’s purchase of ‘Supernatural’ VR workout app maker Within

The Federal Trade Commission has filed an antitrust suit against Meta in a bid to block it from buying Within Unlimited, the maker of the virtual reality workout app Supernatural. The agency accused the company and its CEO Mark Zuckerberg of "planning to expand Meta’s virtual reality empire with this…
bubmag
July 27, 2022
Will you pay Zuck to glam up your Metaverse Avatar? Digital Avatars Store coming to Facebook and Instagram Virtual Reality

Will you pay Zuck to glam up your Metaverse Avatar? Digital Avatars Store coming to Facebook and Instagram

This morning, Facebook (now Meta) Founder Mark Zuckerberg announced a new revenue opportunity for the platform. An Avatar Store for Facebook, Instagram and Messenger will allow users to buy digital clothes to style your avatar. This is a pre-cursor to the bigger vision at Meta, where they’re hoping to create…
bubmag
June 18, 2022