Skip to main contentSkip to main content
You have permission to edit this article.

Reality and the metaverse

  • Updated
  • 0

Facebook employees take a photo with the company's new name and logo outside its headquarters in Menlo Park, Calif., on Oct. 28, 2021, after the company announced that it was changing its name to Meta Platforms Inc.

Social media companies had an eventful year, starting with Twitter and Facebook banning then-President Donald Trump from their platforms after the Capitol riots. Later in the year the debate over social media's impact on the public exploded when Facebook whistleblower Frances Haugen leaked tens of thousands of damning internal documents about the harm the company is causing to its users around the world. Amid the fallout that has included congressional hearings, Facebook rebranded itself Meta Platforms, reflecting its commitment to developing the metaverse. CEO Mark Zuckerberg described the metaverse as a "virtual environment" you can go inside of — instead of just looking at on a screen.

Meta's stock price and revenue have so far withstood the turmoil. Twitter, on the other hand, has not fared as well, at least with investors. While some big investors had been calling for Jack Dorsey to step down as CEO, actual news of his departure in November failed to boost the company's stock price.


Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Get up-to-the-minute news sent straight to your device.


Breaking News

Weekend Things to Do

News Alert