Commentary The Metaverse. You’re probably familiar with the concept. It’s just like the internet, but in 3D. Instead of surfing the web, people will inhabit it. Initially, this type of “living” will be done via avatars. However, one day, in the not-so-distant future, according to Mark Zuckerberg, one of the metaverse’s chief architects, humans will…

Meta, formerly known as Facebook, is staking its future on the success of its virtual reality platform. But the project is bleeding money so fast, it puts in question how long the company can keep it going. About a year ago, Meta was the fifth most valuable publicly traded company in the world, trailing only…

Wall Street is losing patience over Meta boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs by a fifth in the third quarter. Investors rushed to dump Meta Platforms Inc.’s stock after hours, pushing it down 20 percent and wiping $67 billion off its market…

Tech giants like Google, Facebook (now Meta), and Apple could end up collaborating on creating a Metaverse rather than going it alone, according to Rob Nicholls, associate professor of governance at the University of New South Wales. His comments come amid reports Mark Zuckerberg’s Metaverse is struggling to attract large numbers to its virtual reality…

Mark Zuckerberg’s ambitious, multi-billion-dollar Metaverse platform is yet to garner the same traction as existing platforms Facebook and Instagram, according to internal documents. The tech giant’s metaverse offering, Horizon Worlds, is falling short of expectations, with parent company Meta adjusting internal monthly user targets from 500,000 to 280,000. The current tally, according to the Wall…

Meta has introduced a VR headset with multiple cameras to track facial expressions and physical motion, a move that some say is another blow to personal privacy. “When we communicate, all our nonverbal expressions and gestures are often even more important than what we say, and the way we connect virtually needs to reflect that…

Mark Zuckerberg’s Metaverse is a huge gamble on the part of the tech giant to recapture declining user numbers, according to Prof. Barney Tan at the University of New South Wales. Tan, also head of the School of Information Systems and Technology Management, said what Zuckerberg’s company Meta is proposing is to develop a virtual world…

Mark Zuckerberg’s Metaverse will encourage people to distance themselves from reality and devote more time to the virtual world, says Gettr CEO Jason Miller. Miller, who founded Gettr in July 2021 in response to censorship from incumbent social media services, said Meta’s endeavours to create a virtual world is an attempt by the tech giant…

A former Fox News executive has condemned the Chinese Communist Party’s (CCP) efforts to steal American technologies and warned that the regime seeks to use the metaverse to further its authoritarian control of society. Former Fox News Executive Vice President John Moody said that the United States and the CCP are in a bitter race…

The fiscal deficit of local governments has become a norm in China. During widespread pay cuts of public servants, the regime continues to box itself in with its strict zero-COVID policy. A China affairs observer believes China is heading toward a post-regime epoch. Kenneth C. Fan, the founder of Indo-Pacific Risk Forecast Centre, says that…