The XR Week Peek (2022.11.14): Meta lays off 11,000 people, Apple works on some sort of “metaverse”, and more!
The Ghost Howls
NOVEMBER 14, 2022
The reasons behind the layoffs are well-known: the competition with TikTok hurting Meta’s revenues; Apple’s new privacy rules on iOS have reduced the effectiveness of the ads business; the conflict in Ukraine and the inflation have led to bad economic conditions. This is clearly the beginning of Apple’s entrance into the Metaverse.
Let's personalize your content