Meta Platforms has spun off Kustomer, a business software company it acquired last year for $1 billion but recently opted to sell as part of its effort to cut costs and focus its business priorities. In the spin-off, Meta gave stakes in Kustomer to Redpoint Ventures, Battery Ventures and Boldstart Ventures, three venture capital firms that were among Kustomer’s early backers at a valuation of...
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Don’t Count the Metaverse Out
The technology hype cycle would have us believe that the metaverse—so recently the darling of digital trendsetters—is on the decline, its place usurped by generative artificial intelligence. Yet this narrative, while superficially attractive, is a fiction. The truth is that emerging technologies are part of a synergistic ecosystem. Rather than heralding the demise of the metaverse,...
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