Metaverse losses – pressnews

[ad_1] The metaverse offers challenges and possibilities for the future of the retail industry In 1968, American computer scientist Ivan Sutherland predicted the future of augmented and virtual reality with his concept of the “Ultimate Display". The Ultimate Display relied on the kinetic depth effect to create two dimensional images that moved with its users, giving the illusion of a three-dimensional display.While the concept of virtual reality only focuses on the creation of three-dimensional environments, the metaverse — a term coined by Neal Stephenson in his 1992 book Snow Crash — is a much broader concept that surpasses this. While no official definition of the metaverse truly exists, science and technology reporter Matthew Sparkes provides a decent one. He defines the metaverse...

[ad_1] Meta Platforms Inc.’s first major layoffs won’t be nearly enough to get the company back to being as profitable as it was just two years ago, according to analysts. Meta Platforms Inc.'s first major job cuts won't be nearly enough to get the company back to being as profitable as it was just two years ago, according to analysts. Meta laid off 11,000 workers on Wednesday. Chief Executive Officer Mark Zuckerberg said he bore responsibility for growing the company too quickly, on a failed bet that the increase in social media activity and online shopping during the pandemic would cometa jobntinue. “I got this wrong,” he said. But at the end of a difficult day for thousands of employees, the company -- parent to social media giants Facebook, Instagram and WhatsApp -- is still ...

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The metaverse offers challenges and possibilities for the future of the retail industry

Surprise! Facebook Parent Meta Layoffs Seen Saving Only a Small Fraction of Losses