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Oculus Quest Becomes Paperweight When Facebook Goes Away
The Oculus Quest 2 headset is no longer requiring a Facebook account to use. While the company says this is a rare occurrence, the social media activity suggests otherwise. It’s no surprise, then, that Meta is looking to other revenue streams to keep the headset afloat. The company may consider using Real Identity, a new feature that allows users to share their real identities. And in the end, who wants a gaming console that’s just a paperweight?
Oculus Quest 2 users no longer need a Facebook account to use the headset
As of August, users of the new Meta Quest VR headset will no longer need a Facebook account to use it. However, users can still use their Facebook account to log in and make calls to Facebook friends from VR. Users can also unlink their Facebook accounts from their Quest account during the setup process. Read also : What is the Latest Trend on Facebook?. The change is effective immediately. If you’d like to use a Facebook account with your headset, you can still do so.
The company is still allowing Facebook accounts to be linked to Oculus accounts for 90 days. This move was made to stop users from avoiding the Quest headset based on its Facebook requirement. However, users can continue using their existing Oculus accounts until that time, or they can merge them with their Facebook accounts. The change is welcomed by many as it removes one of the major drawbacks of the headset.
Meta is rebranding its hardware to match its new name
Meta is changing its name to better reflect its new focus on the metaverse. The company is already focusing on more avatar-based interactions and working on a platform for the multiverse. And it is bringing in new partners like Ray-Ban to improve its hardware. Read also : How Do I Add an Admin to My Facebook Page?. With these new ventures, it hopes to bring the metaverse to the mainstream. But it will still have to deal with criticism that it uses its influence for other purposes.
The company acquired WhatsApp and Instagram in 2014, gradually setting up Messenger as a stand-alone app. And it has even developed a VR headset that has become a consumer-grade hit. Facebook is now taking a technology pivot and rebranding itself as Meta, giving users one unified account to use across the various apps. This change will be beneficial for both users and developers.
Meta is looking for other revenue streams
Last year, Mark Zuckerberg announced that his company, Meta, was going all in on the “metaverse.” The company is building smart glasses and virtual reality goggles called “Reality Labs,” which it said will be worth $10 billion in 2021. To see also : How to Connect Instagram to Facebook. Meta is a forerunner of Facebook’s next-generation internet, where people would share virtual worlds across multiple platforms. If Facebook were to go away, Meta would be the next company to suffer.
A recent survey of over 1,000 employees found that most are unsure about the company’s plan to pivot to another revenue stream once Facebook is gone. Some employees also expressed concern about competition from TikTok and privacy improvements from Apple and Google. Those fears have led Meta to look to new revenue streams. For now, the company is looking to reposition itself in the marketplace to remain relevant. While many employees are worried about the short-term implications of losing Facebook, they also acknowledge that they’ll need to focus on attracting and retaining a loyal audience.
Real Identity could be a new revenue stream for Meta
As the company restructures its business model, it may be time to look at its latest product – Real Identity. This feature allows people to sign in with a single user account without revealing their true identities. However, the company has some stumbling blocks. While users still want to sign in with their Facebook account, Meta’s native app won’t offer the same privacy features.
Facebook Inc. is a vast company, with multiple products and services. It is difficult to break down its revenue by product or platform. Meta generated $39.3 billion in net income in 2021, with advertising revenues making up 97.4% of its overall revenue. While this is a relatively small percentage of the company’s total revenue, it does indicate that the company is preparing for the possibility that Real Identity could become a new revenue stream for Meta.
