It wasn’t immediately clear what Mark Zuckerberg wanted to do with Oculus when Facebook bought the virtual reality headset maker back in 2014. Those plans are now coming into focus: Facebook is now called Meta, and it’s not just a social media company, it’s a metaverse company. And as the new name implies, Meta wants to win in this space, just as Facebook won in social media.
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- What is the metaverse?
- What is rebranding?
- Why do you think Facebook chose to rebrand as Meta?
- Why is Facebook, or Meta, interested in the metaverse?
- What is a monopoly?
- Are monopolies legal?
- What is an acquisition as it relates to business?
- How might Facebook’s history of acquisitions concern government regulators as it relates to the metaverse?
- Who is the FTC?
- Who regulates fair trade in the United States?
- Why is fair trade important to consumers?
- Why might regulators, politicians, and advocacy groups be concerned about the possibility of Meta monopolizing the metaverse?