Qualtrics, which provides survey software to companies and academic researchers, became the latest business software company to have a successful public market debut . Its shares opened almost 40% higher than their IPO price of $30 and closed the day at $45.50, giving the 19-year-old company a market capitalization of more than $27 billion. The results underscore investors’ voracious...
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Reality Check Facebook AR/VR
Facebook Kicks Off a Metaverse Reorganization
Mark Zuckerberg wasn’t kidding when he said last week he hopes Facebook will morph from a social media giant into a metaverse company. As the company revealed Monday, his ambition is beginning to have real effects on Facebook’s org chart.As reported, Facebook is creating a new Metaverse product group under Facebook Reality Labs. Andrew Bosworth’s, VP of FRL and the overseer of this new group,...
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