Facebook is now Meta. Should you still invest in them?
$Meta Platforms (FB.US)$
Mark Zuckerburg recently announced that facebook would now be named Meta as the company begins to transition to their next phase. The Facebook you know and love will still be there but it is under a broader umbrella company called “Meta”. Meta as we all know is in reference to the metaverse. The metaverse is a shared virtual environment that people can access online. Think of movies like “Ready player one” or “The matrix” to get some idea of what this might be
While this might seem far fetched and something out of the movies, augmented and virtual reality has plenty of applications in the real world
1) Gaming. Creating virtual worlds is nothing new at all. This has gain traction more now than ever in a socially distanced world due to COVID-19. Online concerts, gatherings on a virtual gaming space is happening already
2) Education: Using AR to push for on-the-job training especially with technical skills. Using smart glasses, people can now learn complex skills like being an aircraft technician etc. This also has widespread military applications
3) Telemedicine. Doctors and surgeons are able to practise simulated and realistic surgery to hone in on skills that might otherwise be difficult to practise in real life
$Meta Platforms (FB.US)$ has both the money and resources to push for this universe. It also has the biggest registry of people and so creating a universe around that does not seem all too far fetched. Facebook also acquired Oculus which is a VR glasses company to further its objectives
What do you think of Meta? Do you think it is the step in the right direction? Comment down below!
Mark Zuckerburg recently announced that facebook would now be named Meta as the company begins to transition to their next phase. The Facebook you know and love will still be there but it is under a broader umbrella company called “Meta”. Meta as we all know is in reference to the metaverse. The metaverse is a shared virtual environment that people can access online. Think of movies like “Ready player one” or “The matrix” to get some idea of what this might be
While this might seem far fetched and something out of the movies, augmented and virtual reality has plenty of applications in the real world
1) Gaming. Creating virtual worlds is nothing new at all. This has gain traction more now than ever in a socially distanced world due to COVID-19. Online concerts, gatherings on a virtual gaming space is happening already
2) Education: Using AR to push for on-the-job training especially with technical skills. Using smart glasses, people can now learn complex skills like being an aircraft technician etc. This also has widespread military applications
3) Telemedicine. Doctors and surgeons are able to practise simulated and realistic surgery to hone in on skills that might otherwise be difficult to practise in real life
$Meta Platforms (FB.US)$ has both the money and resources to push for this universe. It also has the biggest registry of people and so creating a universe around that does not seem all too far fetched. Facebook also acquired Oculus which is a VR glasses company to further its objectives
What do you think of Meta? Do you think it is the step in the right direction? Comment down below!
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