BITE | Meta: History, business model and company controversies.
Bite, a short article with relevant information you should know about the companies where you can invest, learn more about: Metaq. Its structure, impact and business model.
Meet our Bites, short articles in which you can learn more about the companies in which you can invest. In this entry: Meta.
Learn more about its structure and business model.
Its impact on the technology sector
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Meta (META) is a global technology company founded in 2004 by Mark Zuckerberg. Meta, which initially started as Facebook, a social networking platform, has grown into a conglomerate with several popular apps and services, such as Instagram, WhatsApp and Oculus VR. The company's mission is to connect people and communities around the world, using technology to improve communication and empower people.
Meta, one of the most influential companies in the technology sector, has revolutionized the way people interact with each other and with companies. The company's leading social network allows users to connect and share content with friends, family and others. At the same time, its advertising platform has transformed digital marketing by offering targeted advertising based on users' interests and behaviors.
In addition to its core social network, Meta has expanded its operations into new technology areas. For example, the acquisition of Instagram in 2012 gave it a foothold in the fast-growing social networking and photo sharing sector. Similarly, the acquisition of WhatsApp in 2014 expanded Meta's reach in the messaging and communication market, and the app now has more than 2 billion active users worldwide.
Meta's expansion into virtual reality (VR) technology with the acquisition of Oculus VR in 2014 also marks an important strategic move for the company. By investing in virtual reality technology, Meta is at the forefront of the next wave of innovation in digital communication, entertainment and commerce.
Criticism and controversy:
Despite its many successes, Meta has faced ongoing criticism and controversy. One of the main concerns is the management of user data and privacy. Meta has been the subject of numerous scandals involving the collection and use of user information by third parties, and critics argue that the company has not done enough to protect user privacy.
The spread of false information, hate speech and harmful content on the platform is another concern for Meta. While the company has put measures in place to combat this problem, such as fact-checking, content moderation and removal of offending content, critics argue that Meta's algorithms and policies continue to incentivize sensationalist and divisive content.
There are also concerns about Meta's impact on democracy and public opinion. The platform has been accused of contributing to the spread of polarization, echo chambers and misinformation. Some argue that Meta played a role in the outcome of the 2016 U.S. presidential election.
As Meta continues to grow and evolve, it will be necessary for the company to balance its potential benefits with the need to address the concerns of users, regulators and the public. The company must remain vigilant in protecting user privacy, combating harmful content and promoting responsible discourse on the platform. In this way, Meta will be able to maintain its leadership position in the technology sector while championing transparency, accountability and user empowerment.
What's new from Meta
In an impressive display of technology, Meta unveiled Meta Connect 2023, an event at which it unveiled a series of revolutionary products and advancements in the fields of mixed reality and artificial intelligence. The centerpiece of the event was the highly anticipated Quest 3 mixed reality headset, hailed by Zuckerberg as the first high-resolution color mixed reality headset. This tool is 40% thinner, features improved displays, higher resolution and is equipped with a next-generation Qualcomm chipset that delivers twice the graphics performance. Along with the Quest 3, Meta introduced Ray-Ban Meta Smart Glasses, which not only facilitate live streaming and voice commands, but also employ sophisticated image processing and enhanced audio quality, providing an unprecedented immersive experience by intelligently interacting with the user's environment.
Meta's advances in AI were equally notable, with the launch of Emu, an AI software that creates high-quality images for free, and a collaboration with celebrities to create 28 unique AI robots with distinct interests and personalities in beta. In addition, Meta unveiled an advanced AI assistant, developed in collaboration with Llama 2 technology, which will be integrated into platforms such as WhatsApp, Messenger and Instagram. This advanced AI assistant stands out for its ability to respond to text messages, answer questions and generate images, which is a major breakthrough in the field of artificial intelligence.
*For illustrative purposes only, does not represent an investment recommendation.