Facebook’s embrace of the metaverse comes as the company is mired in several controversies.
it intends to spend to help “build the metaverse responsibly.” The money will be spent over two years through its XR Programs and Research Fund, with plans to work with other organizations, nonprofits, academic institutions, and governments.Facebook’s metaverse—touted by the company’s CEO Mark Zuckerberg to be an expansive, immersive digital world that will be connected through virtual reality —is the company’s next big technological bet as it looks to expand its VR offerings.
before Congress where she outlined a number of alleged issues at the company including its reluctance to change its algorithm to slow misinformation. Last month, thean investigative report citing internal studies at Facebook that found that its photo-sharing platform Instagram has harmful effects on a significant portion of its millions of young users—particularly teenage girls.
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