Companies & Funds, Internet, People, Technology

Companies & Funds, Internet

Mark Zuckerberg’s dive into metaverse misses mark

Mark Zuckerberg’s dive into metaverse misses mark - @jennifersaba -

10/26/2021 7:23:00 AM

Mark Zuckerberg’s dive into metaverse misses mark - jennifersaba -

Alongside quarterly results, Facebook said it would start reporting more financial details on its virtual reality initiatives and beyond. Any extra clarity is welcome, but the structural changes sidestep all-important Instagram. It’s a bad time to be hiding behind the headset.

Context NewsFacebook said on Oct. 25 that it plans to break out Facebook Reality Labs, or FRL, as a separate reporting segment starting with fourth quarter results. The new unit will provide revenue and operating profit for its augmented and virtual reality hardware, software and content. The other segment, Family of Apps, or FoA, will include Facebook’s flagship network, Instagram, WhatsApp and other services.

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The social networking company reported that third-quarter revenue rose 35% from a year earlier to $29 billion. It forecast fourth-quarter revenue to be in the range of $31.5 billion to $34 billion, citing “headwinds” from privacy changes that Apple made to its mobile operating system that affect targeted advertising.

Facebook also said it would increase to its share repurchase program by $50 billion.Source: REUTERS/Stephen LamFacebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. headtopics.com

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CEO Mark Zuckerberg responds to the massive Facebook document dumpFacebook reported $29 billion in revenue for the three months ended in September, up 35% from the same period a year earlier. The company posted nearly $9.2 billion in profit, up 17% from the year prior.

Mark Zuckerberg Wants to Pivot Facebook Back to the YoungsZuckerberg announced that Facebook would be “retooling” to make “serving young adults the north star, rather than optimizing for older people” Define 'optimizing for older people'? “We’ve sucked the old people dry, got them to try and overthrow the government and then kill themselves with anti-science nonsense… Now let’s do the kids.”

Mark Zuckerberg Let False Anti-Abortion Video Back On Facebook To Mollify GOP: ReportZuckerberg was 'personally involved' in a decision to reinstate the video after Republican politicians complained about its deletion, said The Financial Times. Seems like this is political 🤔…like maybe we’re a pot calling the kettle black, media of all kinds..social and otherwise. No single human being should have this much power in his hands! You can't appease enough nuts. Wait.

Former USC dean pleads not guilty in Mark Ridley-Thomas bribery caseFormer USC dean Marilyn Louise Flynn denies federal charges she bribed former L.A. County Supervisor Mark Ridley-Thomas for county contracts with USC. Why not run a photo of this defendant, instead of photos of MRT and Tommy Trojan.

With axes and stones, women make their mark on traditional Basque rural sportsWomen lifted heavy stones up to their shoulders and swung axes during the Women's Championship of Herri-Kirolak - or Basque sports - as a new generation aims to change attitudes in the traditionally male-dominated sport.

Emmerdale's Laura Norton says 'universe doesn’t want' her to marry Mark JordonLaura Norton, who plays Kerry Wyatt on Emmerdale, has explained how babies, Covid and moving houses have led to her and former co-star Mark Jordon enjoying 'the longest engagement ever!'