Home Coins Blockchain Bitcoin Ethereum How to Mining NFT Press releases Regulation Most Featured
Coins by Cryptorank

What Happens to Meta Now as Focus on VR Headsets Fades?

Thumbnail
By Jessy Sloan - March 15, 2023 - 5 Mins Read

What is Meta Doing? 

Meta CEO Mark Zuckerberg realizes they are losing the market as the day passes. So he is making frantic efforts to ensure they retain whatever is left of their market share. The primary target audience that Meta is focusing on is teenage users, the company confirmed. However, two Democrat senators stopped Meta's plan to create a metaverse app for teens. 

They sent a letter to Mark Zuckerberg, warning him of the dangers of releasing them all against their warnings. "In light of your company’s record of failure to protect children and teens and a growing body of evidence pointing to threats to young users in the metaverse, we urge you to halt this plan immediately," the letter from Sens. Ed Markey (D., Mass.) and Richard Blumenthal (D., Conn.) read. 

But currently, Meta is considering a partnership with another firm affiliated with metaverse called Tencent. Meta plans to make this partnership a reality so they can move forward with their objectives for the metaverse. 

While discussing Meta workspace products, an expert said that employees are not ready for a virtual workspace transition. According to tech research firm CEO John Egan, "I’m yet to see any signals that there’s a willingness to engage with this."