Facebook Suffers a Big Setback

Facebook Suffers a Big Setback

In 1992 novel “Snow Crash”, author Neal Stephenson coined a term to describe a place where human avatars interact with each other.

That term was “metaverse” and since that time the word has become part of the lexicon as the concept moves away from the realm of science fiction and into daily life.

A Costly Conversion

The company formerly known as Facebook (FB) – Get Meta Platforms Inc. Class A Report went so far as to change its name in October to Meta as Chief Executive Mark Zuckerberg described the metaverse as “the next frontier.”

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