Facebook to Meta Trouble in the Transformation Bikramjit Rishi Rajkumari Mittal Parul Sinha
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It all began in 2006, a few months after Facebook had gone public. The hype around the social network was soaring that I had to sit up in class to keep up with the latest information. We were taught to create Facebook profiles, invite our friends, upload pictures, and even create groups. The idea was simple, and many students were joining at that time. But little did I know that I was on the cusp of an event that would change my life forever. A few months after class, I was reading an article on Newsweek
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I am Bikramjit Rishi, a freelance writer from Mumbai, India. I started writing with the intention to create something valuable, like this case study, for my readers and students. In 2017, Mark Zuckerberg launched a bold plan to transform Facebook into a metaverse. The metaverse, also known as the digital world, is the next generation of the internet, built around the social, collaborative, and immersive features. It will allow people to interact with each other, content, and technology across virtual and
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When Facebook was founded back in 2004, it revolutionized the way people connect with each other. The social networking giant provided a platform for friends, family, and colleagues to interact, share ideas, and connect on a global scale. Over the years, Facebook has continued to evolve, with the of new features and capabilities. However, the world’s largest social media platform has faced a series of challenges in its transformation journey. A critical factor that has contributed to Facebook’s troubles has been the rapid changes in the way people consume and interact with
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In the current year 2022, there has been a lot of development in the field of technology. Facebook has recently completed the acquisition of Instagram and Meta has started preparing to start its virtual reality company. This is all news, and everyone is excited about it. At the same time, many people have not yet given it much thought. It’s been over 10 years since the birth of Facebook. Now, all of us know about Facebook. Meta is a new name which has created quite a buzz in the market. It has been launched
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I write because my Facebook posts were blocked on December 17, 2021, from 8 am to 11 am, a day after the Meta (Facebook’s parent company) published a blog post with the new “future of work” program, which included several changes in the terms, conditions, and privacy of users, including the deletion of their accounts on Meta (for both businesses and individuals). It was a surprise for many people around the world, and soon, the block began, as it said so. The reason behind
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Facebook’s and Meta’s revenue growth has been impressive. In FY 2020, Meta’s revenue reached $46 billion, up 47% compared to $32 billion in the prior year. This growth was supported by a number of factors like more users, and higher advertising revenue, as per the report by S&P Global Market Intelligence. Facebook is expected to have a revenue of over $100 billion in 2021. However, this growth is expected to slow down, owing
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In the era of virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), the entire tech ecosystem is undergoing a tremendous transformation. find more information From Facebook, Google, Apple, Amazon, Samsung, Xiaomi, to the likes of Tesla, Meta (formerly known as Facebook), and Netflix, numerous tech companies are rapidly embracing AI, AR, and VR to revolutionize the entire industry. Facebook (or Meta) is a well-known tech company that has always