TechBizClub

Facebook is a company everyone loves to hate and many think CEO Mark Zuckerberg is ahead of his time. In a widely celebrated news event on October 28, 2021, Facebook rebranded to Meta to reflect Mark Zuckerberg’s ‘metaverse’ vision. While speaking at a live-streamed virtual augmented reality conference, Zuckerberg said the new reflects its focus on building the “metaverse” platform. “In the metaverse, you’ll be able to do almost anything you can imagine — get together with friends and family, work, learn, play, shop, create — as well as completely new experiences that don’t really fit how we think about computers or phones today,” said CEO Zuckerberg in Founder’s Letter 2021. He added that the world’s largest social network will continue to be called Facebook. Although Zuckerberg is so invested in the metaverse that he renamed his entire company just to focus on the effort and also plans to invest $180 billion over the next 10 years building the metaverse, Coogan explains in this video that that are many factors at play and most of them are in favor Microsoft. As you probably recall, we reported on January 18 when Microsoft bought video game giant Activision Blizzard in a $68.7 billion all-cash deal. So what does the “metaverse” have to do with the Microsoft-Activision Deal? Unlike Meta which just bought Oculus a few years ago, Microsoft owns the Xbox and has been a major player in PC and console gaming for more than 20 years. So, the Redmond, WA-based company isn’t just betting $70 billion on another buzzword of the week. But Coogan thinks this is not just a coup but the death of Zuckberg’s Metaverse. Coogan goes into the details in the video below. Enjoy! Video Credits: John Coogan Join community at http://johncoogan.com https://twitter.com/johncoogan Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence.