Wednesday, June 26, 2024

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Meta looks to the metaverse as it struggles in the present

While Zuck foil-surfs toward the metaverse—an immersive internet that could be built over the next 10+ years—Meta’s losing its balance in the here and now. Revenue fell year over year for the first time in the company’s history last quarter, Meta revealed in yesterday’s earnings report. One major pain point for Zuck is competition from TikTok. Anyone who’s spent their Friday night watching “What’s inside that rock?” knows that TikTok is taking up an increasingly large portion of users’ screen time—and with it, advertising dollars. And if you can’t beat ’em,...

Meta looks to...

While Zuck foil-surfs toward the metaverse—an immersive internet that could be built over the next 10+ years—Meta’s losing its balance in the here and...
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