Facebook shifting to virtual reality version of internet

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ICYMI: Facebook shifting to virtual reality version of internet

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Facebook CEO Mark Zuckerberg has been a leading voice in Silicon Valley hype around the idea of the metaverse, which would blur the lines between the physical world and the digital one.

“The metaverse has the potential to help unlock access to new creative, social and economic opportunities. And Europeans will be shaping it right from the start,” Facebook said in a blog post. “Today, we are announcing a plan to create 10,000 new high skilled jobs within the EU over the next five years.”

“The EU has a number of advantages that make it a great place for tech companies to invest—a large consumer market, first class universities and, crucially, top quality talent,” the blog post said.The announcement comes as Facebook grapples with the fallout of a damaging scandal, major outages of its services, and rising calls for regulation to curb its vast influence.

The Washington Post last month suggested that Facebook’s interest in the metaverse was “part of a broader push to rehabilitate the company’s reputation with policymakers and reposition Facebook to shape the regulation of next-wave internet technologies.”

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