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Jefferies says the metaverse is as big an investment opportunity as the early internet

"What did you want to own from 1989 to 2000? You wanted to own the Ciscos of the world. The same is…

Harry Robertson   


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3 mins read

Wall Street is pumped about the metaverse. But critics say it's massively overhyped and will be a regulatory minefield.

Holding work meetings in the metaverse is "the sort of thing only a computer scientist could love,"…

Harry Robertson   


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The fight to control the metaverse: Crypto die-hards prepare for battle with Facebook and Big Tech

Keanu Reeves summed up the feeling in cryptoland when he said: "Can we just not have metaverse be, …

Harry Robertson   


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Adidas wades into the metaverse in partnership with Bored Ape Yacht Club and other NFT communities

"The metaverse is currently one of the most exciting developments in digital, making it an interest…

Isabelle Lee   


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Superstar investor Cathie Wood says the metaverse is a multitrillion-dollar opportunity that will infiltrate every sector

The metaverse "will probably infiltrate ... every sector in ways that we cannot even imagine right …

Harry Robertson   


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Nvidia jumps 11% as gaming-fueled earnings, metaverse guidance spark renewed bullishness from retail traders

The largest chipmaker in the US by market value reported third-quarter sales of $7.1 billion, a 50%…

Natasha Dailey   


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Apple rallies 3% after smashing revenue forecasts and teasing metaverse plans

Investors were impressed by Apple's strong earnings, after the company brushed off supply-chain pro…

Harry Robertson   


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Microsoft jumps 7% after reporting 2nd-quarter earnings that beat estimates and talking up metaverse potential

"I think the next wave of the internet will be a more open world where people can build their own m…

Matthew Fox   


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Apple didn't mention the metaverse once

Apple has finally unveiled the Vision Pro, its new, expensive mixed-reality headset. There was no t…

Hasan Chowdhury   


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Meta shares crater 24% after its earnings and revenue outlook miss targets

Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking its losses for…

George Glover   


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1 min read

Mark Zuckerberg vows to spend billions more on the metaverse next year despite burning a whopping $4 billion on it this quarter

Meta may ramp up its spending even as the economy continues to slow and the chorus of voices oppose…

Samantha Delouya   


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1 min read

Nike climbs as sneaker maker posts 2nd-quarter earnings beat despite supply-chain constraints

On a call with analysts late Monday, Donahoe said Nike will invest "to deliver next-generation expe…

Phil Rosen   


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Facebook's metaverse project will help drive as much as 22% upside in the stock, Bank of America says

Facebook will push at least $10 billion into its metaverse project this year.

Carla Mozée   


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Mark Zuckerberg says he's 'pretty confident' Meta is heading in a 'good direction' as stock crashes 20% after huge earnings miss

Meta's revenue fell for a second consecutive quarter as it ramped up spending on metaverse projects…

Grace Dean   


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3 mins read

Apple is ready to enter its metaverse era with a mixed reality headset. The rest of the world might not be.

Apple is set to reveal its mixed-reality headset at its Worldwide Developer Conference, but waning …

Hasan Chowdhury   


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Digital twins market to surge as e-tailers enhance their offerings

Irrespective of the industry, most enterprises plan to actively participate in an economy that…

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4 mins read

Layoffs are a nail in the coffin for whatever the metaverse is

The metaverse is expensive, vague, and there's no evidence anyone wants it. It'll be the first thin…

Hasan Chowdhury   


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1 min read

Apple is slashing production forecasts for its $3,500 Vision Pro headset only weeks after unveiling it, report says

The tech giant is revising down sales forecasts for its mixed-reality headset as production challen…

Hasan Chowdhury   


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10 Things in Tech: Apple's big metaverse push

In today's edition: What it was like to work with Elizabeth Holmes, Elon Musk's China trip ends, an…

Hallam Bullock