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Israeli Meta exec says Israel will play an “essential position” in the VR industry

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Israeli Meta exec says Israel will play an “essential position” in the VR industry

Source: news.google.com

The interview we scheduled with the Israeli Meta executive was postponed due to Mark Zuckerberg’s dramatic announcement that 11,000 company employees were to be laid off.

It hasn’t been the best of years for Meta, formerly known as Facebook, to put it mildly. Zuckerberg’s insistence on focusing efforts on the virtual reality world we’re soon supposed to be living in, dubbed the Metaverse, seems like a long shot at this point, especially in light of the tens of billions of dollars invested in the game. Project.

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מארק צוקרברג מציג את המטאברסמארק צוקרברג מציג את המטאברס

The Metaverse/ Illustration

(Photo: Facebook)

Facebook itself was supposed to be the backup in case the Metaverse dream didn’t fully materialize, but Zuckerberg wasn’t counting on TikTok gaining the kind of popularity it did, causing Meta to lose even more revenue. …

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