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Meta wants half your metaverse revenue as it decries Apple’s 30% App Store cut

metaverse

Meta, the parent company of Facebook, is taking a cut of up to 47.5% on digital assets sold within its virtual reality platform, Horizon Worlds. Horizon Worlds is a free VR game that lets users build and explore virtual worlds. While it’s all part of Meta’s plan for creating its virtual “metaverse,” it comes at a cost to creators.  

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Facebook rebuilding its ads infrastructure to target iOS users while it loses money with metaverse

Meta Facebook Mark Zuckerberg

Facebook was one of the main companies affected by Apple’s new privacy policies, which now require iOS apps to ask users if they want to be tracked by third parties. During the Q4 2021 earnings report on Wednesday, CEO of Meta (Facebook’s parent company) Mark Zuckerberg said that Facebook is “rebuilding” its ads infrastructure due to the iOS changes.

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Meta claims still working on AR/VR OS, but wording looks face-saving

Meta AR/VR OS plans

It was yesterday reported that Facebook owner Meta had abandoned work on its own AR/VR OS, but the company responded, saying that it was still working on the project, and that it was growing the team, not cutting it.

However, the wording used by Meta strongly suggests that this is a face-saving statement …

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Ahead of Apple Headset launch, Meta reportedly halts efforts to build its own AR/VR OS

As rumors regarding Apple’s AR/VR headset gain traction ahead of an expected release this year, Facebook parent company Meta has reportedly hit a roadblock in its own VR/AR software efforts. According to a new report from The Information, Meta has halted its efforts to build a new software operating system to power its headsets.

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