Facebook owner Meta Platforms has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information. From a report: The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed the British political consulting firm Cambridge Analytica to access data of as many as 87 million users. Lawyers for the plaintiffs called the proposed settlement the largest to ever be achieved in a U.S. data privacy class action and the most that Meta has ever paid to resolve a class action lawsuit.

"This historic settlement will provide meaningful relief to the class in this complex and novel privacy case," the lead lawyers for the plaintiffs, Derek Loeser and Lesley Weaver, said in a joint statement. Meta did not admit wrongdoing as part of the settlement, which is subject to the approval of a federal judge in San Francisco. The company said in a statement settling was "in the best interest of our community and shareholders." "Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program," Meta said.

The FBI is recommending the use of ad blockers, warning in an alert this week that cybercriminals are using online ads in search results to steal or extort money from victims. TechCrunch reports: In a pre-holiday public service announcement, the FBI said that cybercriminals are buying ads to impersonate legitimate brands, like cryptocurrency exchanges. Ads are often placed at the top of search results but with "minimum distinction" between the ads and the search results, the feds say, which can look identical to the brands that the cybercriminals are impersonating. Malicious ads are also used to trick victims into installing malware disguised as genuine apps, which can steal passwords and deploy file-encrypting ransomware. One of the FBI's recommendations for consumers is to install an ad blocker.

As the name suggests, ad blockers are web browser extensions that broadly block online ads from loading in your browser, including in search results. By blocking ads, would-be victims are not shown any ads at all, making it easier to find and access the websites of legitimate brands. Ad blockers don't just remove the enormous bloat from websites, like auto-playing video and splashy ads that take up half the page, which make your computer fans run like jet engines. Ad blockers are also good for privacy, because they prevent the tracking code within ads from loading. That means the ad companies, like Google and Facebook, cannot track you as you browse the web, or learn which websites you visit, or infer what things you might be interested in based on your web history. "Of course, you can switch your ad blocker off any time you want, and even allow or deny ads for entire websites," adds the report.

"Ads are still an important part of what keeps the internet largely free and accessible, including TechCrunch (and Slashdot!), even as subscriptions and paywalls are increasingly becoming the norm."

Facebook parent Meta does not expect to seal its acquisition deal with Within Unlimited, maker of the popular fitness app "Supernatural", before Jan. 31, according to a court filing from Tuesday. From a report: Meta has agreed to push back the closing by one month or until the first day after the court rules on U.S. Federal Trade Commission's (FTC) preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California. In August, Meta had agreed not to close the deal until 11:59 p.m. on Dec. 31. The FTC had filed a lawsuit seeking to stop the deal in July, calling Facebook a "global technology behemoth," noting its ownership of popular apps including Instagram, Messenger and WhatsApp, and said its "campaign to conquer VR (virtual reality)" began in 2014 when it acquired Oculus, a VR headset manufacturer.

Mark Zuckerberg considered saying in a 2017 speech that Facebook was looking into "organizations like Cambridge Analytica," according to details from a deposition of him by the U.S. Securities and Exchange Commission. From a report: But he decided to remove reference to the political consultancy which harvested data on millions of Facebook users ahead of the 2016 U.S. presidential election, a previously unreported move that could add fuel to shareholder allegations that Zuckerberg and other executives hid information from the public about one of its biggest privacy scandals. When Meta executives learned of issues related to Cambridge Analytica, and how they responded, is central to lawsuits in California and Delaware in which shareholders allege the executives breached fiduciary duties and consumers allege mishandling of their private information.

Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. From a report: The EU's executive Commission said it accepted the legally binding commitments from Amazon to resolve two antitrust investigations. The deal allows the company to avoid a legal battle with the E.U.'s top antitrust watchdog that could have ended with potentially huge fines, worth up to 10% of annual worldwide revenue.

The agreement marks another advance by EU authorities as they clamp down on the power of Big Tech companies, and comes just a day after the Commission accused Facebook parent Meta of distorting competition in the classified ads business. "Today's decision sets the rules that Amazon will need to play by in the future instead of Amazon determining these rules for all players on its platform," the EU's competition commissioner Margrethe Vestager said at a press briefing in Brussels. "With these new rules, competing independent retailers, carriers and European customers will have more opportunities and choice." The agreement only applies to Amazon's business practices in Europe and will last for seven years. Amazon will have to make the promised changes by June.

Facebook parent company Meta Platforms will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023, despite questions about the business division focused on augmented and virtual reality and the so-called metaverse. From a report: The projection, given by CTO Andrew Bosworth in a blog post Monday, is little changed from the 18% of spending Meta devoted to Reality Labs in the third quarter. Meta stock is down nearly 65% this year, and some have questioned Meta CEO Mark Zuckerberg's expensive bet on the metaverse which comes as the company has cut other costs, including widespread layoffs. Reality Labs reported a loss from operations of $9.4 billion through the first nine months of the year; Meta's family of apps, by comparison, brought in roughly $32 billion in profit during that same period. A 20% investment in futuristic technologies is a "level of investment we believe makes sense for a company committed to staying at the leading edge of one of the most competitive and innovative industries on earth," Bosworth said. Alternative, non-paywalled source: Axios.

Meta Platforms was hit with a formal complaint from European Union antitrust watchdogs for allegedly squeezing out classified ad rivals by tying the Facebook Marketplace to its own social network. From a report: The European Commission said Monday it issued a so-called statement of objections to Meta, paving the way for potential fines or changes to the firm's business model. "With its Facebook social network, Meta reaches globally billions of monthly users and millions active advertisers," EU Antitrust Commissioner Margrethe Vestager said in an email announcing the escalation of the case. "Our preliminary concern is that Meta ties its dominant social network Facebook to its online classified ad services called Facebook Marketplace," meaning "Facebook users have no choice but to have access to Facebook Marketplace."

The EU watchdog said it's also concerned that Meta imposes unfair trading conditions which allow it to use data on competing online classified ad services. The case is the latest in a long-running Europe-wide crackdown on the market power of tech firms such as Google, Apple and Amazon that's led to multiple probes, fines and beefed-up laws. The EU previously fined Facebook for failing to provide correct information in the merger review of the WhatsApp takeover. Meta is also the subject of investigations in the UK and Germany.

"John Carmack, the programmer who brought us Doom, Quake and Oculus/Meta virtual reality products, has resigned from his executive consultant post for virtual reality at Meta," reports VentureBeat.

"This is the end of my decade in VR," Carmack wrote in an internal post (which he later reposted on Facebook).

"I have mixed feelings." Quest 2 [Meta's VR headset] is almost exactly what I wanted to see from the beginning — mobile hardware, inside out tracking, optional PC streaming, 4k (ish) screen, cost effective. Despite all the complaints I have about our software, millions of people are still getting value out of it. We have a good product. It is successful, and successful products make the world a better place. It all could have happened a bit faster and been going better if different decisions had been made, but we built something pretty close to The Right Thing.

The issue is our efficiency.... We have a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort....

It has been a struggle for me. I have a voice at the highest levels here, so it feels like I should be able to move things, but I'm evidently not persuasive enough. A good fraction of the things I complain about eventually turn my way after a year or two passes and evidence piles up, but I have never been able to kill stupid things before they cause damage, or set a direction and have a team actually stick to it. I think my influence at the margins has been positive, but it has never been a prime mover.

This was admittedly self-inflicted — I could have moved to Menlo Park after the Oculus acquisition and tried to wage battles with generations of leadership, but I was busy programming, and I assumed I would hate it, be bad at it, and probably lose anyway.

Enough complaining. I wearied of the fight and have my own startup to run, but the fight is still winnable! VR can bring value to most of the people in the world, and no company is better positioned to do it than Meta. Maybe it actually is possible to get there by just plowing ahead with current practices, but there is plenty of room for improvement.

Make better decisions and fill your products with "Give a Damn"!

An anonymous reader quotes a report from Reuters: Meta has halted construction of two data centers in Odense, Denmark, and will instead focus on a new type of data center used for artificial intelligence (AI), a spokesperson said on Thursday. Facebook-owner Meta already has two large data centers in Odense, but only one of the three other centers currently under development there will be completed. Construction on the two halted data centres in Odense began in August. However, on Tuesday Meta terminated the deal with contracting company Per Aarsleff worth 2.4 billion Danish crowns ($344 million). "Over the past month, we have announced a number of measures to make us a more streamlined organization," Meta spokesperson Peter Munster told Reuters. "A significant part of these measures is to shift a larger part of our resources to high-priority growth areas, including a strategic investment in artificial intelligence," he said.

The company's traditional data centers house servers for apps such as Facebook and Instagram. But the calculations needed for AI require a new generation of data centers, Munster said.

The Linux Foundation has partnered with some of the world's biggest technology companies to develop interoperable and open map data, in what is a clear move to counter Google's dominance in the mapping realm. From a report: The Overture Maps Foundation, as the new effort is called, is officially hosted by the Linux Foundation, but the program is driven by Amazon Web Services (AWS), Facebook's parent company Meta, Microsoft, and Dutch mapping company TomTom. The ultimate mission of the Overture Maps Foundation to power new map products through openly available datasets that can be used and reused across applications and businesses, with each member throwing their own data and resources into the mix.

"Mapping the physical environment and every community in the world, even as they grow and change, is a massively complex challenge that no one organization can manage," noted the Linux Foundation's executive director Jim Zemlin in a press release. "Industry needs to come together to do this for the benefit of all." Map and location data plays such a fundamental role across society today, powering everything from IoT (internet of things) devices and self-driving cars, to logistics and big data visualization tools. Having all that data under the auspices of just one or two mega-firms can be hugely restrictive in terms of what companies can do with the data and what features they have at their disposal, not to mention the costs involved in licensing it.

After almost a decade of running the operation, Meta has shut down Facebook Connectivity. From a report: Meta, formerly Facebook, confirmed to Light Reading it would fold what is now called Meta Connectivity into two other groups within the company: "Infrastructure" and "Central Products." The moves make sense considering Meta's "Infrastructure" team handles the company's work in areas such as subsea cabling. The action will not affect Meta's participation in the Telecom Infra Project (TIP), which it helped to found in 2016. That group continues to develop open and disaggregated standards for various telecom technologies.

An anonymous reader quotes a report from TechCrunch: Major privacy complaints targeting the legality of Meta's core advertising business model in Europe have finally been settled via a dispute resolution mechanism baked into the EU's General Data Protection Regulation (GDPR). The complaints, which date back to May 2018, take aim at the tech giant's so-called forced consent to continue tracking and targeting users by processing their personal data to build profiles for behavioral advertising, so the outcome could have major ramifications for how Meta operates if regulators order the company to amend its practices. The GDPR also allows for large fines for major violations -- up to 4% of global annual turnover.

The European Data Protection Board (EDPB), a steering body for the GDPR, confirmed today it has stepped in to three binding decisions in the three complaints against Meta platforms Facebook, Instagram and WhatsApp. The trio of complaints were filed by European privacy campaign group noyb as soon as the GDPR entered into application across the EU. So it's taken some 4.5 years just to get to this point. [...] What exactly has been decided? The EDPB is not disclosing that yet. The protocol it's following means it passes its binding decisions back to the Irish Data Protection Commission (DPC), Meta's lead privacy regulator in the EU, which must then apply them in the final decisions it will issue. The DPC now has one month to issue final decisions and confirm any financial penalties. So we should get the full gory details by early next year.

The Wall Street Journal may offer a glimpse of what's to come: It's reporting that Meta's ad model will face restrictions in the EU -- citing "people familiar with the situation." It also reports the company will face "significant" fines for breaching the GDPR. "The board's rulings Monday, which haven't yet been disclosed publicly, don't directly order Meta to change practices but rather call for Ireland's Data Protection Commission to issue public orders that reflect its decisions, along with significant fines," the WSJ wrote, citing unnamed sources. [...] The company was recently spotted in a filing setting aside 3 billion euros for data protection fines in 2022 and 2023 -- a large chunk of which has yet to land. "In line with Art. 65 (5) GDPR, we cannot comment on the content of the decisions until after the Irish DPC has notified the controller of its final decisions," said a spokesperson for the EDPB. "As indicated in our press release, the EDPB looked into whether or not the processing of personal data for the performance of a contract is a suitable legal basis for behavioral advertising, but at this point in time we cannot confirm what the EDPB's decision in this matter was."

The DPC also declined to comment on the newspaper's report -- but deputy commissioner Graham Doyle confirmed to TechCrunch that it will announce binding decisions on these complaints in early January.

A Meta spokesperson issued the following statement to TechCrunch: "This is not the final decision and it is too early to speculate. GDPR allows for a range of legal bases under which data can be processed, beyond consent or performance of a contract. Under the GDPR there is no hierarchy between these legal bases, and none should be considered better than any other. We've engaged fully with the DPC on their inquiries and will continue to engage with them as they finalize their decision."

Microsoft is launching a new communities feature for Microsoft Teams today, designed for consumers to use the best parts of Teams free of charge to create and organize groups. From a report: The new community feature will allow groups to use the calendar, meeting, and chat features of Teams. Features like group chat, calling, and file / photo sharing are all supported, and groups will also be able to use a shared calendar (which includes Google Calendar integration) to organize community events. This new community integration is really aimed at groups like sports clubs or even virtual community groups for small businesses and simple groups like a carpool for co-workers to organize transportation. Facebook, Reddit, Discord, WhatsApp, Twitter, and many other services already provide a variety of ways to organize groups online, so Microsoft is entering a crowded market, but it believes Teams has something different to offer.

An anonymous reader quotes a report from CNET: Facebook parent company Meta on Monday threatened to remove news from its social media platform in the US if Congress approves a bill that would allow news organizations to collectively bargain with tech companies for compensation. Andy Stone, Meta's head of policy communications, wrote on Twitter that Facebook would "be forced to consider removing news" if the Journalism Competition and Preservation Act becomes law. He added that the proposal fails to recognize that publishers and broadcasters put their content on Facebook "because it benefits their bottom line -- not the other way around."

The bill, which was proposed in March 2021, is reportedly being considered by lawmakers for inclusion with a must-pass annual defense bill. The News Media Alliance, a trade group representing newspaper publishers that supports the bill, called Facebook's threat "undemocratic and unbecoming," adding that "as the tech platforms compensate news publishers around the world, it demonstrates there is a demand and economic value for news." More than 20 organizations, including the Electronic Frontier Foundation, Public Knowledge and the Computer & Communications Industry Association, have urged lawmakers to reconsider support for the "problematic" bill, warning (PDF) that it would "create an ill-advised antitrust exemption for publishers and broadcasters." A similar law in Australia giving the government power to make internet giants Meta and Alphabet's Google negotiate content supply deals with media outlets has largely worked, a government report said last week. But the bill did result in a brief shutdown of Facebook news feeds in the country.

Around 2009 Slashdot was abuzz about how over-the-air broadcasting in North America was switching to a new standard called DTV. (Fun fact: North America and South America have two entirely different broadcast TV standards — both of which are different from the DVB-T standard used in Europe/Africa/Australia.) But 2022 ends with us already talking about DTV's successor in North America: the new broadcast standard NextGen TV.

This time the new standard isn't mandatory for TV stations, CNET points out — and it won't affect cable, satellite or streaming TV. But now even if you're not paying for a streaming TV service, another article points out, in most major American cities "an inexpensive antenna is all you'll need to get get ABC, CBS, Fox, NBC and PBS stations" — and often with a better picture quality: NextGen TV, formerly known as ATSC 3.0, is continuing to roll out across the U.S. It's already widely available, with stations throughout the country broadcasting in the new standard. There are many new TVs with compatible tuners plus several stand-alone tuners to add NextGen to just about any TV. As the name suggests, NextGen TV is the next generation of over-the-air broadcasts, replacing or supplementing the free HD broadcasts we've had for over two decades. NextGen not only improves on HDTV, but adds the potential for new features like free over-the-air 4K and HDR, though those aren't yet widely available.

Even so, the image quality with NextGen is likely better than what you're used to from streaming or even cable/satellite. If you already have an antenna and watch HD broadcasts, the reception you get with NextGen might be better, too.... Because of how it works, you'll likely get better reception if you're far from the TV tower.

The short version is: NextGen is free over-the-air television with potentially more channels and better image quality than older over-the-air broadcasts.
U.S. broadcast companies have also created a site at WatchNextGenTV.com showing options for purchasing a compatible new TV. That site also features a video touting NextGen TV's "brilliant colors and a sharper picture with a wider range of contrast" and its Dolby audio system (with "immersive, movie theatre-quality sound" with enhancements for voice and dialogue "so you get all of the story.") And in the video there's also examples of upcoming interactive features like on-screen quizzes, voting, and shopping, as well as the ability to select multiple camera angles or different audio tracks.

"One potential downside? ATSC 3.0 will also let broadcasters track your viewing habits," CNet reported earlier this year, calling the data "information that can be used for targeted advertising, just like companies such as Facebook and Google use today...

"Ads specific to your viewing habits, income level and even ethnicity (presumed by your neighborhood, for example) could get slotted in by your local station.... but here's the thing: If your TV is connected to the internet, it's already tracking you. Pretty much every app, streaming service, smart TV and cable or satellite box all track your usage to a greater or lesser extent."

But on the plus side... NextGen TV is IP-based, so in practice it can be moved around your home just like any internet content can right now. For example, you connect an antenna to a tuner box inside your home, but that box is not connected to your TV at all. Instead, it's connected to your router. This means anything with access to your network can have access to over-the-air TV, be it your TV, your phone, your tablet or even a streaming device like Apple TV....

This also means it's possible we'll see mobile devices with built-in tuners, so you can watch live TV while you're out and about, like you can with Netflix and YouTube now. How willing phone companies will be to put tuners in their phones remains to be seen, however. You don't see a lot of phones that can get radio broadcasts now, even though such a thing is easy to implement.
But whatever you think — it's already here. By August NextGen TV was already reaching half of America's population, according to a press release from a U.S. broadcaster's coalition. That press release also bragged that 40% of consumers had actually heard of NextGen TV — "up 25% from last year among those in markets where it is available."

"Twitter CEO Elon Musk turned to journalist Matt Taibbi on Friday to reveal the decision-making behind the platform's suppression of a 2020 article from the New York Post regarding Hunter Biden's laptop," reports Newsweek.

"Taibbi later deleted a tweet showing [former Twitter CEO] Jack Dorsey's email address," adds the Verge, covering reactions to Taibbi's thread — and the controversial events that the tweets described: At the time, it was not clear if the materials were genuine, and Twitter decided to ban links to or images of the Post's story, citing its policy on the distribution of hacked materials. The move was controversial even then, primarily among Republicans but also with speech advocates worried about Twitter's decision to block a news outlet. While Musk might be hoping we see documents showing Twitter's (largely former) staffers nefariously deciding to act in a way that helped now-President Joe Biden, the communications mostly show a team debating how to finalize and communicate a difficult moderation decision.
Taibbi himself tweeted that "Although several sources recalled hearing about a 'general' warning from federal law enforcement that summer about possible foreign hacks, there's no evidence - that I've seen - of any government involvement in the laptop story."

More from the Verge: Meanwhile, Taibbi's handling of the emails — which seem to have been handed to him at Musk's direction, though he only refers to "sources at Twitter" — appears to have exposed personal email addresses for two high-profile leaders: Dorsey and Representative Ro Khanna. An email address that belongs to someone Taibbi identifies as Dorsey is included in one message, in which Dorsey forwards an article Taibbi wrote criticizing Twitter's handling of the Post story. Meanwhile, Khanna confirmed to The Verge that his personal Gmail address is included in another email, in which Khanna reaches out to criticize Twitter's decision to restrict the Post's story as well.

"As the congressman who represents Silicon Valley, I felt Twitter's actions were a violation of First Amendment principles so I raised those concerns," Khanna said in a statement to The Verge. "Our democracy can only thrive if we are open to a marketplace of ideas and engaging with people with whom we disagree."

The story also revealed the names of multiple Twitter employees who were in communications about the moderation decision. While it's not out of line for journalists to report on the involvement of public-facing individuals or major decision makers, that doesn't describe all of the people named in the leaked communications.... "I don't get why naming names is necessary. Seems dangerous," Twitter co-founder Biz Stone wrote Friday in apparent reference to the leaks.... The Verge reached out to Taibbi for comment but didn't immediately hear back.

Twitter, which had its communications team dismantled during layoffs last month, also did not respond to a request for comment.
Wired adds: What did the world learn about Twitter's handling of the incident from the so-called Twitter Files? Not much. After all, Twitter reversed its decision two days later, and then-CEO Jack Dorsey said the moderation decision was "wrong."
In other news, "Twitter will start showing view count for all tweets," Elon Musk announced Friday, "just as view count is shown for all videos." And he shared other insights into his plans for Twitter's future.

"Freedom of speech doesn't mean freedom of reach. Negativity should & will get less reach than positivity."

An anonymous reader quotes a report from Reuters: An Australian law giving the government power to make internet giants Facebook owner Meta and Alphabet's Google negotiate content supply deals with media outlets has largely worked, a government report said. But the law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, may need to be extended to other online platforms, the review said.

Since the News Media Bargaining Code (PDF) took effect, the tech firms had inked more than 30 deals with media outlets compensating them for content which generated clicks and advertising dollars, said the Treasury department report, published late Thursday. "At least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations," said the report. "While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date."

The report mostly recommended that the government consider new methods of assessing the administration and effectiveness of the law, and did not suggest changing the law itself. But it did note the law lacked "a formal mechanism to extend the Code to other platforms", and suggested the government order the competition regulator, which led the design of the law, to "prepare reports on this question." Google director of government affairs and public policy in Australia Lucinda Longcroft said the company had "furthered our significant contribution to the Australian news industry" by signing deals representing 200 mastheads across the country and "the majority of these outlets are regional or local."

Meta is urging policymakers to hold off on creating new rules governing the metaverse. From a report: In a policy paper released Friday, Meta argues that many of the world's existing laws and regulations will also apply to activity in the metaverse -- a catch-all term that refers to an immersive virtual world that doesn't yet exist in which users could someday work, play games, shop and interact. Edward Bowles, Meta's head of fintech policy, told reporters that regulators could "stymie innovation" if they create an entirely new regulatory scheme for the metaverse. It's common for corporations, particularly Silicon Valley titans, to discourage politicians from creating new regulations. But in recent years, lawmakers have become interested in reining in the biggest tech companies -- including their investments in virtual reality. The paper is an effort by Meta to shape future legislation impacting the metaverse, a technology so central to the company's mission that it rebranded to "Meta" from "Facebook" last year.

Meta CEO Mark Zuckerberg on Wednesday added to the growing chorus of concerns about Apple, arguing that it's "problematic that one company controls what happens on the device." Axios reports: "I think the problem is that you get into it with the platform control, is that Apple obviously has their own interests," Zuckerberg said at The New York Times' Dealbook conference. "[T]he fact that companies have to deliver their apps exclusively through platforms that are controlled by competitors -- there is a conflict of interest there," he said. That conflict of interest makes Apple "not just a kind of governor that is looking out for the best of people's interests."

Zuckerberg also noted that Apple's policies differ from other tech giants, including Microsoft and Google, which allow apps to be sideloaded onto devices if they're inaccessible in app stores. "I do think Apple has sort of singled themselves out as the only company that is trying to control, unilaterally, what apps get on the device and I don't think that's a sustainable or a good place to be." Changes to Apple's app tracking policies last year are expected to cost Meta billions of dollars in lost ad revenue.

Zuckerberg's comments come days after Musk publicly attacked Apple, alleging the company's app store policies are an abuse of power. Asked about Musk's content moderation decisions, Zuckerberg didn't go as far as to endorse his strategy, but said, "I kind of think the world in the industry gets more interesting when people take some different approaches." "[Y[ou can agree or disagree with what Elon is doing, or how he's doing it. But I do think it's going to be very interesting to see how this plays out in terms of the approaches he's taking." When asked about TikTok, Zuckerberg said it raises "a very complex set of questions" about the involvement of the Chinese state with TikTok's affairs. "I'm sure it's complicated."

Further reading: Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse, Says Skepticism Doesn't Bother Him Too Much

Meta founder and chief executive Mark Zuckerberg said he was still optimistic about the metaverse on a longer, "five-to-ten-year horizon" at the New York Times Dealbook Summit in New York City on Wednesday. From a report: "The way we communicate gets richer and more immersive," Zuckerberg said via a virtual interview, doubling down on his company's bet on a virtual and augmented reality-dominated future. The company has come under criticism for generating billions of dollars of losses as it builds out its version of the metaverse. However, Zuckerberg admitted that Meta would need to operate with "more efficiency and discipline" in the near term as macroeconomic woes have forced the company to scale back on spending. [...] The billionaire CEO said he's unfazed by critics of his company's bet on the metaverse, saying a lack of pushback typically means an idea is not ambitious enough. "Skepticism doesn't bother me too much," Zuckerberg said. "We've had doubters the whole time."