Meta’s Metaverse Is ‘Outdated Concept’ That is ‘By no means Labored,’ Tech CEO Says

  • Phil Libin is the previous boss of Evernote and is now CEO of videoconference firm Mmhmm.
  • He informed Insider he’d tried out Horizon Workrooms, Meta’s VR assembly software program, and wasn’t impressed.
  • He described Meta’s imaginative and prescient of the metaverse as “uncreative.”

When tech founder Phil Libin donned his Oculus VR headset to check out Meta’s first metaverse product, he hoped it would not be horrible.

“I had a really, very robust feeling that it might suck, however I went into it with as a lot hope as doable that I’d be pleasantly stunned,”

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Meta’s head of cryptocurrency David Marcus resigns

David Marcus, now head of Fb Monetary or F2, testifying about Fb’s proposed digital forex beforehand often called Libra, throughout a Senate Banking, Home and City Affairs Committee listening to on Capitol Hill in Washington, DC, July 16, 2019. The cryptocurrency was renamed Diem in December 2020.

Saul Loeb | AFP | Getty Photos

David Marcus, the top of Fb mother or father firm Meta’s cryptocurrency efforts, introduced on Tuesday he can be leaving the corporate on the finish of the 12 months.

Marcus’s departure comes after the corporate tried and didn’t launch a cryptocurrency that may very well be

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