In the past year, Meta has undergone significant transformations, particularly in its approach to workforce management. Meta’s decisions regarding layoffs have not only attracted attention but have had a substantial impact on the company’s financial performance. Meta incurred staggering losses totaling $16 billion, primarily attributed to its Metaverse endeavors, mainly its Reality Labs division responsible for Oculus goggles. This marked a significant increase from the previous year’s loss of $13.7 billion, with Meta reporting a loss of $4.6 billion in the final quarter of 2023. Meta’s Stock Surge And Improved Margins Despite these substantial deficits, Meta’s stock surged by 12% following recent updates, largely due to the company’s improved margins. Meta’s revenue increased by 16%, while operating income and profits surged by 62% and 69%, respectively. CEO Mark Zuckerberg has assured investors of further losses in the future due to ongoing investments in augmented reality/...

Boxing has headed over to the metaverse. Floyd Mayweather Jr. and Deji Olatunji’s match at the Global Titans in Dubai on Nov. 13 was the first-ever boxing event streamed live in the metaverse, according to Forbes.

Founded in 1867, Morehouse College has been a staple in the Black community. As the only HBCU to exclusively serve Black men, the school is known for its academic prowess, notable alumni, and community impact. The Atlanta-based institution is now taking its historic impact one step further by taking its curriculum into the metaverse.

Juicy J’s “Bandz A Make Her Dance” seems to be taking on an entirely new meaning as exotic dancers have been proposed to enter the metaverse. You read that right. No longer are adult entertainment venues constricted to some of the famous names touted by Drake — Tootsie’s, Magic City, and King of Diamonds. One company presented the idea of people sitting in the comfort of their homes and making it rain in the metaverse. But how is this possible?

“Baby, THIS, is Keke Palmer.” Earlier this week, the actress had to make it clear that she is that girl . After a tweet comparing her career in Hollywood to Zendaya’s went viral, the 28-year-old hit send on a tweet of her own in response, as previously reported by Shadow and Act. “A great example of colorism is to believe I can be compared to anyone. I’m the youngest talk show host ever. The first Black woman to star in her own show on Nickelodeon, & the youngest & first Black Cinderella on broadway. I’m an incomparable talent,” Palmer tweeted. A great example of colorism is to believe I can be compared to anyone. I’m the youngest talk show host ever. The first Black woman to star in her own show on Nickelodeon, & the youngest & first Black Cinderella on broadway. I’m an incomparable talent. Baby, THIS, is Keke Palmer. — Keke Palmer (@KekePalmer) July 24, 2022 Now, the star has added yet another hosting gig to her lengthy resume!

Another day, another way that Snoop Dogg is dominating in the metaverse. According to trademark attorney Josh Gerben, it appears that the serial entrepreneur has filed a trademark for his virtual cannabis venture.

A team from Ice Cube’s BIG3 basketball league has been purchased by DeGods DAO for $625,000, according to a press release. As AfroTech previously reported, Ice’s Cube’s basketball ventures in the metaverse allow collectors to become team owners under the conditions they purchase between two NFT collectibles: 25 Fire valued at $25,000 each and 975 Gold valued at $5,000 each. Solana backed platform DeGods has dived right in to build on the BIG3 league’s mission to make fans more involved with their favorite team with plans to make 500 whitelist spots ready for potential holders, Forbes India reports.

Vaunt — founded by former NBA player Roger Mason Jr. alongside startup and technology executive Omari Ware — has raised a $5 million Series A funding round to reimagine the future of sports and entertainment, according to a press release. The platform was created to help athletes and artists generate income by showcasing their talent to live and digital audiences. “When we created Vaunt, we envisioned a company where players and artists can display their talents and competitiveness both inside and out of their crafts,” said Vaunt Co-founder and CEO, Roger Mason Jr., in a press release. “We are so proud for Vaunt to take this step forward and prepared for us to go even further. The opportunities for this brand and company are endless.”