Social metaverse company
Job no longer available
Social metaverse company
1001+ employees
Job no longer available
1001+ employees
Give people the power to build community and bring the world closer together.
Jump to section
Give people the power to build community and bring the world closer together.
In 2021, Facebook announced its name change to Meta and that this holding company would also encompass its apps, including Instagram and Whatsapp. As part of the announcement, Zuckerberg outlined his virtual reality vision and his plans to build the “metaverse”.
Since then, the strategy around building the metaverse has remained relatively unclear. There are signs of early success, with the company’s consumer VR headset becoming the most popular in the market. However, long term growth will depend on Meta’s ability to bring VR and augmented reality tools to the mainstream.
Zuckerberg has confirmed that it will be Whatsapp’s business messaging services and messenger that will be driving Meta’s growth for the foreseeable future. The company is focused on monetising these products and improving their ease of use for enterprise customers.
Focusing on more immediate growth opportunities will be key for Meta as they have faced substantial challenges recently. TikTok continues to attract young users away from Facebook and Instagram (two key revenue streams for the business), and they had to make the first mass layoffs in Meta’s history.
Freddie
Company Specialist at Welcome to the Jungle
Jan 2011
$1.5bn
GROWTH EQUITY VC
May 2009
$200m
SERIES D
This company has top investors
Mark Zuckerberg
(CEO & Chairman)Studied Computer Science at Harvard, and originally founded Meta as Facebook in 2004. Also the co-founder and co-CEO of the Chan Zuckerberg Initiative, which is leveraging technology to help solve some of the world’s toughest challenges.