How many people caught the news last week that Facebook officially changed its corporate name to… Meta? And changed its stock ticker symbol to MVRS? Presumably, MVRS is short for “metaverse.” What is the metaverse and is it the next “hot” investment? (In other news, Facebook is looking to distance itself far, far away from discoveries that the company knew full well for over a decade the damage its central social media platform would inflict and has inflicted on people of all ages, especially children. But that is not the topic of today’s TGIF 2 Minutes.)
Regarding Meta, CEO Mark Zuckerberg says succinctly, “the metaverse will be the successor to the mobile internet.” Gaming and alternate reality seem to be at the forefront of the concept with bitcoin and cryptocurrency central as well. The whole thing sounds huge.
A short TGIF as we enter the Easter weekend (or “Easter Triduum” in Church language).
I learned a new term this week*, “techlash” plus I found a couple of startling stats about tech – inspired by the mini- (soon to be major?) crisis going on with Facebook and the privacy of its users’ information. The situation is kind of unfortunate for those who may have given up Facebook for Lent….just in time for the #DeleteFacebook campaign to be kicking into high gear. (Full disclosure: I do not have a Facebook account.)
“Techlash” is the backlash that has affected the entire tech sector in response to Mark Zuckerberg’s – and Facebook’s – lack of response to their crisis which may spill over into other major tech companies’ operating models. Continue reading “What is Techlash?”
We have already had more volatility in the first three months of 2018 than we saw in ALL of 2017 and most of 2016 combined. Snow? On the first day of Spring! Driverless cars on the road… What’s next?
The snow wasn’t the worst part of it. Facebook stumbled this week amidst legitimate concerns of how honest it is with protecting its user data. This is not the first time Facebook has faced the issue of deceiving its users: back in 2012 under a decree with the FTC Facebook had to agree to get user consent in order to share users’ personal data with others.