Metaverse

Facebook Pours Billions in ‘Metaverse’ as Ad Business Falters

Facebook Pours Billions in ‘Metaverse’ as Ad Business Falters

On Monday, Facebook Inc said it will start investing in virtual and augmented reality units, an announcement that comes as its primary advertising businesses face ‘significant uncertainty. ‘ Facebook warned that Apple Inc’s new policy rules would weigh on its digital business in the current quarter after the largest social media company reported quarterly revenue…