“Meta”

[DT]

View attachment 12124
My new favorite! (I'm 6'3")

Well, Peter Manning was 10 feet tall, so I guess it's all relative ...

 

[SuperMatt]

Meta is losing to competitors and hoping they can hype the virtual world to be “first” in some weird metaverse that I don’t think will pan out.

So in the meantime, they are shamelessly copying TikTok and calling it bold…

Instagram will walk back some recent changes to the product following a week of mounting criticism, the company said today. A test version of the app that opened to full-screen photos and videos will be phased out over the next one to two weeks, and Instagram will also reduce the number of recommended posts in the app as it works to improve its algorithms.

“I'm glad we took a risk — if we're not failing every once in a while, we're not thinking big enough or bold enough,” Instagram chief Adam Mosseri said in an interview. “But we definitely need to take a big step back and regroup. [When] we've learned a lot, then we come back with some sort of new idea or iteration. So we're going to work through that.”

Big and bold: that’s what they call replacing the Instagram feed with a copy of TikTok. I think we could be looking at a massive collapse in just a few years.

🚨 Instagram walks back its changes

Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why

www.platformer.news

 

[Yoused]

more sponsored content woven into your personal content

Meta to double the dose of force-fed filler on Instagram, Facebook in 2023 [Updated]

Next year, TikTok-like content will dominate about a third of Meta user feeds.

arstechnica.com

 

[SuperMatt]

more sponsored content woven into your personal content

Meta to double the dose of force-fed filler on Instagram, Facebook in 2023 [Updated]

Next year, TikTok-like content will dominate about a third of Meta user feeds.

arstechnica.com

The investors’ call is the thing to listen to. They don’t care about the users’ complaints unless there’s a mass exodus from their platform; it’s about the investors and advertisers. The recent “sorry we will leave Insta the way it was” is admittedly only temporary, and they will continue putting recycled TikTok videos into everybody‘s “feed” at an increasing rate as they told investors.

 

[Nycturne]

more sponsored content woven into your personal content

Meta to double the dose of force-fed filler on Instagram, Facebook in 2023 [Updated]

Next year, TikTok-like content will dominate about a third of Meta user feeds.

arstechnica.com

The Facebook feed is already stuffed full of this crud. Why not just drop the user content and label it the ad feed?

 

[fischersd]

... I think we could be looking at a massive collapse in just a few years.

🚨 Instagram walks back its changes

Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why

www.platformer.news

I hope so! The thought of Zuckerberg curled into a ball while wailing "It's just not fair!!!" gives me warm tingles.

 

[Runs For Fun]

Study outlines privacy risks in metaverse virtual worlds

Forget mobile apps – headsets and smart glasses will be able to harvest so much data

www.theregister.com

 

[DT]

Hahaha, $1499

 

[Eric]

Ouch!

$1.2 BILLION METAVERSE HORRIFIED BY REPORT IT ONLY HAD 38 ACTIVE USERS​

$1.2 Billion Metaverse Horrified by Report It Only Had 38 Active Users

Metaverse project Decentraland, a sandbox environment that allows users to buy and sell virtual real estate, isn't exactly teeming with people.

futurism.com

Metaverse project Decentraland, a sandbox environment that allows users to buy and sell virtual real estate, isn't exactly teeming with people. Despite billions of dollars in valuations, companies betting on a metaverse future simply haven't made much headway.

In fact, according to data aggregator DappRadar, the Ethereum-based world Decentraland only had 38 "active users" over a period of 24 hours — a confoundingly low number, especially considering the company has a market cap of a whopping $1.2 billion.

 

[Yoused]

Zuck announces the addition of pantyhose. Or something. Because, that will fix everything.



(Why do I get the feeling the company got the last 2 letters in its name in the wrong order?)

 

[lizkat]

Zuck announces the addition of pantyhose. Or something. Because, that will fix everything.



(Why do I get the feeling the company got the last 2 letters in its name in the wrong order?)

Hah, yeah. From the cited piece in your post:

Alongside announcements around the appearance and movements of the new full body avatars, Meta also announced that there will soon be an avatar store where people will be able to spend real money to buy accessories for their Meta avatar. There was notably no mention of NFTs.

Real money for avatar clothes and bling? How about just use fake money to keep it all real.

 

[Eric]

Ouch.

Meta's value has plunged by $700 billion. Wall Street calls it a "train wreck."

A year ago, Facebook's parent company was worth $1 trillion. But a risky bet on the metaverse has investors worried.

www.cbsnews.com

Facebook parent Meta Platforms is making a huge investment in virtual reality, but its actual reality is looking like a real disaster.

Meta shares tumbled 24% on Thursday to its lowest level in nearly four years following an earnings report that one Wall Street analyst described as a "train wreck." It's a far cry from the company's position nearly a year ago, when CEO Mark Zuckerberg on October 28, 2021, announced with great fanfare that Facebook was changing its name to Meta Platforms to emphasize its focus on the "metaverse."