FTC moves to stop Meta from acquiring virtual reality company

Virtual reality company - Meta - Stop Sign

The US regulator is also acting to stop Facebook’s parent company from buying a fitness app. The Federal Tarde Commission has filed a complaint in a San Francisco federal court against Meta and its CEO Mark Zuckerberg, seeking a temporary restraining order and preliminary injunction against the acquisition of a fitness app and a virtual reality company. The acquisitions in question are for the Supernatural app and the Within Unlimited VR firm. According to the FTC’s filing, allowing Meta and Zuckerberg to complete the acquisition of the fitness app and…

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Virtual reality workspaces boost stress and reduce productivity

Virtual reality - Remote working

Working a day job in the metaverse is harder on workers than continuing in reality. Meta and a number of other virtual reality companies have been pouring investments into creating VR work environments. The claim is that they provide a distraction-free space in which people can be more productive. They have stated that virtual reality workspaces cut out the distractions and stresses associated with a real, in-person environment. That said, researchers recently determined that these metaverse-based working environments are not only more frustrating and overwhelming than a traditional brick-and-mortar workspace,…

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ByteDance, TikTok owner, gets serious about virtual reality

Virtual Reality Headset - Investment

The company is preparing to make substantial investments into VR technology. TikTok app owner, ByteDance, is jacking up its investments into the virtual reality space, according to a recent report. Media reports have indicated that the company is pouring substantial money into VR technology. The Protocol report cited a source close to the matter, who said that “tons of money” was being invested into virtual reality content. It appears that a good chunk of the ByteDance investment will be poured into hiring. The Protocol report indicated that more than 40…

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Facebook’s virtual reality investments have lost almost $20B since 2020

Virtual reality - Facebook investment

Last quarter alone, Meta spent $2.96 billion to continue the company’s attempt to build the metaverse. Meta has been aggressively pursuing its virtual reality metaverse world, but this pursuit has come with a large price tag as the company has consistently lost money on the effort until now. The metaverse is meant to allow users to navigate a VR world in the form of their digital avatars. The Facebook parent company has released its first quarter 2022 financial results and has revealed that this year alone, the virtual reality investments…

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Researchers recreate ancient Pompeii home with virtual reality

Virtual Reality - Pompeii

A team used VR to rebuild the Pompeiian home using Roman design and architecture features. A Lund University research team has used virtual reality to recreate an ancient Pompeiian home for the purposes of better understanding some of the time’s Roman design and architecture features. The department of archaeology and ancient history researchers published in the Antiquity journal. The research team from the Swedish university’s archaeology and ancient history department published a paper detailing their findings using virtual reality, in the Antiquity journal. They employed eye tracking and special analysis…

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