Mark Zuckerberg, Meta CEO and Founder, hit back at critics in a Facebook post last week triggered by the firm’s 2021 fourth quarter (Q4) earnings report. Meta’s 2021 Q4 earnings report gave insight into the firm’s finical standing following its rebranding as a social Metaverse technology company. According to Meta, the net loss is a result of employee costs, R&D, and the cost of products distributed. Meta plans to fight competition by attracting TikTok’s users over to its umbrella of social media applications. Meta also plans to release a smartphone version of Horizon: Worlds later this year, officially making the application cross-platform compatible across smartphones, tablets, or headsets.

Source: Libya Today February 07, 2022 19:22 UTC