Source: news.google.com
Things move fast in the metaverse and in the wider world of web3 as a whole. Here’s what you need to know from last week:
Meta Platforms plans to terminate the lease on its 225 Park South office in New York City, according to reports. News of the upcoming shutdown comes on the heels of a grim milestone for Meta: Last week, company founder and CEO Mark Zuckerberg announced the first major budget cut in the company’s nearly 20-year history (which was originally founded as Facebook in 2004), plus a hiring freeze and expected layoffs that will likely leave the company with a smaller workforce in 2023 than it does today, according to Bloomberg.
Meta has recently been spending large amounts of capital in its efforts to be a prime mover in the…
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