Virtual Reality Industry News

A collection of Virtual Reality latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

asiatimes.com - Nigel Green - The (virtual) reality of the metaverse, successor of the Internet
The (virtual) reality of the metaverse, successor of the Internet
Asia Times

The metaverse: the next evolution in online experience. A concept that provides a virtual parallel to physical reality where a community of people can interact through avatars, where physical, augmented, and virtual reality is merged in a shared…

engadget.com - Karissa Bell - Mark Zuckerberg says Facebook's future is 'young adults' and the metaverse
Mark Zuckerberg says Facebook's future is 'young adults' and the metaverse
Engadget

Amid reports that Facebook has misled shareholders about significant declines in teens and younger users, Mark Zuckerberg said the company was “retooling” in order to make “serving young adults” its top priority. To do…

nytimes.com - Mike Isaac - Facebook profits jump 17 percent.
Facebook profits jump 17 percent.
The New York Times

Facebook said on Monday that revenue rose 35 percent to $29 billion in the three months ending in September compared with the same period last year, while profits rose 17 percent to $9.2 billion, a sign of the social network's financial strength as…

reuters.com - Facebook invests billions in metaverse efforts as ad business suffers
Facebook invests billions in metaverse efforts as ad business suffers
Reuters

Oct 25 (Reuters) - Facebook Inc (FB.O) said on Monday it will break out its division focused on hardware, virtual and augmented reality into a new reporting segment, as its main advertising businesses face 'significant uncertainty.' Facebook warned…

drive.com.au - Virtual reality key to real-world car safety
Virtual reality key to real-world car safety
Drive

Car makers are using video games to develop autonomous tech. Virtual reality video games – configured to present thousands of everyday driving scenarios - are helping car makers fast track development of autonomous vehicle technology. The…

techcrunch.com - Alex Wilhelm - Facebook reports revenue miss, plans to break out AR/VR top lines
Facebook reports revenue miss, plans to break out AR/VR top lines
TechCrunch

U.S. social networking giant Facebook reported its Q3 financial results today after the bell. The technology giant reported $29.0 billion in total revenue and earnings per share of $3.22, calculated on a diluted basis. Investors had expected the…

technewsinc.com - Frank Mccarthy - Working in Virtual Reality - Franziskus-Hospital Harderberg has been selected for a leading role nationwide
Working in Virtual Reality - Franziskus-Hospital Harderberg has been selected for a leading role nationwide
Tech News Inc

Chief Physician PD Dr. Olaf Rolf demonstrates work in virtual reality, a project giving a German premiere at the Franciscus Hospital Harderberg. Photo: Daniel Mayer/Franziscus Harderberg Hospital The Franciscus Harderberg Hospital of the Nils…

nbcnews.com - David Ingram - Facebook reports $9 billion profit on day documents highlight internal anger
Facebook reports $9 billion profit on day documents highlight internal anger
NBC News

Facebook reported near-record revenue and quarterly profits of $9.2 billion Monday as the social media company faced scrutiny over how it polices its platform for misinformation and other banned material. The company's latest quarterly earnings…

inlander.com - Nate Sanford - How virtual reality is revolutionizing health care
How virtual reality is revolutionizing health care
Inlander

irtual reality has come a long way. Twenty years ago, the technology cost tens of thousands of dollars and weighed 50 to 100 pounds. Today, you can find lightweight models for less than $100. Strapping on the headset allows the user to immerse…

businessinsider.com - Isobel Asher Hamilton - Facebook whistleblower Haugen 'shocked' by metaverse investment
Facebook whistleblower Haugen 'shocked' by metaverse investment
Business Insider

Facebook whistleblower Frances Haugen says she's 'shocked' by the scale of Facebook's 'metaverse' plans. Facebook recently said it would hire 10,000 people to build the metaverse. Haugen said a similar investment in the company's safety division…

gizmodo.com - Good Job, Everyone! Facebook Turned a $9 Billion Profit in Q3
Good Job, Everyone! Facebook Turned a $9 Billion Profit in Q3
Gizmodo

Facebook might be facing arguably the worst news cycle of its entire existence right now, but that didn't stop it from raking in staggering profits. Again. The company reported $29.01 billion in revenue in the third quarter, up from $21.47 billion…

forbes.com - Erik Kain - PlayStation Plus Free Games November 2021: Predictions, Rumors, Leaks And More
PlayStation Plus Free Games November 2021: Predictions, Rumors, Leaks And More
Forbes

November's free PS Plus games will be revealed this week and so far, we have no clue as to what they'll actually be. This is a bit of a surprise. For the past several months, the next month's lineup has leaked online, and often those leaks have…

medium.com - Jon Radoff - The Metaverse Canon: Reading Guide
The Metaverse Canon: Reading Guide
Medium

This is a collection of my favorite articles — including those I've written myself and people have found helpful — but many others that have inspired me to think about the convergence of many social and technological trends that will…

businessinsider.com - Matthew Loh - Facebook made $9.2 billion in quarterly profit amid its whistleblower saga
Facebook made $9.2 billion in quarterly profit amid its whistleblower saga
Business Insider

Facebook earned $9.2 billion in the third quarter, up from $7.8 billion last year. That's more than analysts expected, even as Facebook faces controversy an internal document leak. The company made most of its money from advertising revenue, which…

qz.com - Adario Strange - Facebook's metaverse is key to its survival strategy
Facebook's metaverse is key to its survival strategy
Quartz

Like a Thanos snap, the power of the Facebook universe seems to be slowly fading away into dust before our very eyes. So in response, the company is working on building a new one, specifically, a metaverse. This week, Facebook will invite…

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