What is the metaverse? Microsoft and Facebook want to create the next version of the Internet.

As the crisis overshadowed Facebook, it leaned towards its virtual reality offerings, announcing on Monday a significant investment in the company’s Reality Labs division. The company is expected to change its name soon to reflect the identity it

has been selling since CEO Mark Zuckerberg said Facebook should be known as the “meta-universe company” during the July earnings call. The goal, he said, is to fill this virtual world by attracting new users with cheap headphones.

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