![]() Perhaps worst of all, whistleblower Frances Haugen is alleging that the tech giant’s business model is designed to prioritize profits over safety and that its algorithms incentivize the spread of misinformation. Following a scathing Wall Street Journal report that indicated the company is well aware of its ill effects on teens’ mental health, Facebook experienced a six-hour outage that amounted to some $79m in lost ad dollars. The move comes amid a slew of PR storms facing the company. ![]() He said that the creation of the metaverse will likely take many years and indicated that the company will happily work in cooperation with regulators - but hinted that technology cannot wait for sluggish policymaking to catch up. The CEO went on to explain that Meta alone won’t be responsible for creating the metaverse, but that it plans to partner with countless creators and developers to make its vision of a unified digital and physical world a reality. In essence, Facebook will become a subsidiary under the larger umbrella of Meta. All of the properties will fall under the new brand name Meta. Zuckerberg announced that the company will split into two branches: one focused on Facebook, Instagram, WhatsApp and its other existing apps, and one focused on the development of future platforms. “Over time, I hope that we are seen as a metaverse company, and I want to anchor our work and identity on what we're building toward.” “Right now, our brand is so tightly linked to one product that it can't possibly represent everything that we're doing today, let alone in the future,” he said. ![]()
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