Meta Platforms announced a 30 % reduction in its investment in the metaverse, in addition to a 10 % global spending cut.

The announcement has raised concerns among employees, as these actions could translate into layoffs as early as January.

It is estimated that the unit most affected by this reduction in metaverse investment is the virtual reality development unit.

For now, there’s no definitive answer from Mark Zuckerberg regarding this rethink, although it’s almost certain to happen as part of the company’s budget adjustments for 2026.

M.Pino

Source: eleconomista

(Reference image source: Dima Solomin on Unsplash)

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A new generation of mixed reality glasses appears to be the project Meta Platforms owner Mark Zuckerberg is currently working on.

In a recent video, he gives details about manufacturing a new generation of mixed reality glasses, which for now has been baptized with the code name “Puffin.”

The launch date, although we would have to wait for confirmation, would be 2027, according to internal sources cited on August 27 by The Information.

At the moment, it is known that the Puffin glasses will be smaller than Meta’s current Quest headphones. They will not need controllers to operate, as “users will be able to control the device with hand gestures and eye movements, just like the Apple Vision Pro, a rival mixed reality headset launched in February this year.”

To understand a little about what the project is about, it is worth mentioning that mixed reality headsets “combine the real world and virtual reality, allowing users to interact with digital and real-world objects while wearing the devices.”

Just two months ago, Zuckerberg mentioned the new project of the company he runs, and said it was an innovative-mixed reality product more similar to “a pair of smart glasses with holographic screens and integrated cameras, microphones and speakers.”

Among the benefits of the new product, the CEO of Meta highlighted that they would allow “real-time communications without interruptions, informational overlays and a head-up display similar to what would be found in a video game or on the equipment of a military operator.”

M.Pino

Source: cointelegraph

(Reference image source: Unsplash+, in collaboration with Getty Images)

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Meta Platforms, the parent company of Facebook, confirmed to the United States Securities Market Commission (SEC) the start of a placement of unsecured preferred bonds among institutional investors, in which it represents the company’s first debt issue.

“Meta Platforms began an offering of senior unsecured bonds to persons who were reasonably believed to be qualified institutional buyers“, the multinational said in a statement.

The company indicated that it intends to use the proceeds from the offering for “general corporate purposes”, which may include, but is not limited to, capital expenditures, outstanding share repurchases of its common stock, acquisitions, or investments.

Likewise, Meta highlighted that the timing of pricing and the terms of the bond issuance are subject to market conditions and other factors.

In this sense, knowledgeable sources indicated to Bloomberg that the issue would range between 8,000 and 10,000 million dollars and could be divided into four tranches, with the longest maturities reaching up to 40 years and with a return of between 1.75 and 1.8 percentage points above Treasury bills.

K. Tovar

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Source: El Comercio

La entrada Meta Platforms makes its first bond issue apareció primero en Bitfinance.