scorecardAn obituary for the Metaverse, the latest fad to join the tech graveyard
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An obituary for the Metaverse, the latest fad to join the tech graveyard

Matt Turner   

An obituary for the Metaverse, the latest fad to join the tech graveyard
Tech3 min read
Robyn Phelps/Insider

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories.

On the agenda today:

But first: I break down some of our most recent award-winning journalism below.

If this was forwarded to you, sign up here. Download Insider's app here.


Award-winning work

Denali Mountain, Alaska.
Denali Mountain, Alaska.      Sherri Cassel/iStock/Getty Images Plus

Insider won in seven categories at the New York Press Club Awards last week. Here's a recap of some of our award-winning journalism:


RIP metaverse

Metaverse 22
Ben Tobin

After just three years, the metaverse has died — and ChatGPT killed it.

It was once the buzzy obsession of the tech world, Ed Zitron writes. But a lack of a coherent vision for the product put it on a downward trajectory. Then, when the next big wave of excitement washed over the industry — generative artificial intelligence — the metaverse's fate was sealed.

Despite its short life and ignominious death, the metaverse offers us a glaring indictment of the industry that birthed it.

Read the metaverse's obituary.


Sky-high rent

A red arrow up alongside miniature wooden houses.
Increasing houses costs leads to increased demand for rent.      Andrii Yalanskyi/Getty Images

At the start of the COVID-19 pandemic, rents were in free fall as people fled crowded urban centers. But almost as quickly as they fell, prices began soaring again.

Residents are now asking the question: If so many people left, why is my rent still so expensive? New research has a startling answer: People got sick of living with each other.

Why rents are still high.

Also read:


Who will succeed Larry Fink?

BlackRock CEO Larry Fink gestures while sitting in front of a blue screen.
BlackRock CEO Larry Fink      Thos Robinson/Getty Images for The New York Time

Wall Street has long been fascinated by succession stories. One of the most pressing is at the investment giant BlackRock.

CEO Larry Fink, now 70-years old, has the rare distinction of leading a Wall Street behemoth he helped found.

Insiders view a group of roughly seven executives as possible replacements, including a couple of under-the-radar candidates.

Inside BlackRock's succession saga

Also read:


Microsoft leak

Microsoft CEO Satya Nadella with the word "Microsoft" and the Microsoft logo displayed behind him
Microsoft CEO Satya Nadella      Justin Sullivan/Getty Images

An internal email from CEO Satya Nadella showed Microsoft planning to halt raises and cut its bonus and stock-awards budget.

In a separate leaked email, Microsoft's chief people officer, Kathleen Hogan, instructed managers to give fewer employees "exceptional rewards," adding that "more will need to be at the middle of the range."

Read Hogan's full email here.

Plus, also check out:


This week's quote:

"It was an unmitigated disaster."


More of this week's top reads:


Curated by Matt Turner. Edited by Hallam Bullock and Lisa Ryan. Get in touch: insidertoday@insider.com




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