Microsoft, Meta, Nvidia, Qualcomm, Kronos, and 33 other companies have formed the Metaverse Standards Forum to help build an open metaverse.
After serving as chief operating officer for 14 years, Meta’s Sheryl Sandberg is stepping down to focus on her “foundation and philanthropic work.”
Broadcom is reportedly on the verge of receiving a major boost, thanks to Meta’s efforts to build out the necessary hardware to power the metaverse.
A bipartisan group of senators is taking aim at Google and Meta, introducing a bill that would break up the companies’ ad businesses.
Meta has informed employees it will be scaling back some of its hardware endeavors, although layoffs are not planned at this time.
Facebook has announced it is killing off its podcast service, barely a year after getting into the business.
Sheryl Sandberg has been a staple at Facebook and Meta for years, but the executive is now accused of improperly using company resources to help Activision CEO Bobby Kotick.
Apple make receive the lion’s share of flak for charing a 30% commission for its App Store, but Meta is set to dwarf that for metaverse content creators.
Apple is calling out “Meta’s hypocrisy” after the latter announced it would charge a 47.5% commission for creating content in the metaverse.