“We believe the metaverse will be the successor to the mobile internet.
“The metaverse isn’t a single product one company can build alone,” officials said while announcing a two-year, $50 million investment in programs and research to build metaverse technologies.
The name change was announced days after reporters published the Facebook Papers, a trove of internal company documents which alleged that Facebook prioritized its profits over the safety of its users, according to The Associated Press.
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