The company already sees a minor decline in ads revenue. Other than the fact that metaverse is a game-changing technology, it is also vital for Meta because the company needs something new, innovative, and big to sustain the revenue flow in the future. So, Meta is on an aggressive mode to take the lead in metaverse technology. It also plans to hire around 10,000 new employees in Europe in the next five years to increase its research around metaverse technology. Just in the year 2021, Meta spending around metaverse research is expected to exceed $10 billion. However, now it has become aggressive around metaverse technology. Meta (formerly Facebook) has been investing in virtual reality (VR) and augmented reality (AR) technology for many years, which also includes acquiring companies like Oculus. It seems a fancy concept, but metaverse becoming mainstream still requires a couple of years or a decade.

By using VR/AR headsets, smart glasses, or any other immersive hardware, you will be able to access metaverse. Metaverse is possible by combining aspects of virtual reality, augmented reality, social media, cryptocurrency, and the internet. So, you will be able to virtually interact with friends or colleagues, play games, hold meetings, do shopping, and perform many other things. Metaverse is like a combination of virtual spaces that you can explore or create with others that are not in the same physical space. Metaverse – Brief Overviewīefore we start discussing the impacts of the metaverse and other details, let’s first clear out our viewpoint around metaverse. So, will metaverse be a key to letting Meta stock go up? Let’s find out with the current information we have on this matter. Since then, we can see a lot of debate around metaverse on the internet. Besides the name change, Zuckerberg also narrated the future of the company in the “Metaverse”. He emphasized that Facebook isn’t fully justifying what the company is doing right now and where it wants to head in the future. Mark Zuckerberg announced during Facebook’s annual conference (also called Facebook Connect) about changing the company name from “Facebook” to “Meta”.

Will meta materials stock go up