18 October 2021
Nicola Mendelsohn, global business group vice president at Facebook Inc., discusses the company’s plan to create 10,000 new positions in Europe over the next 5 years, the creation of a “metaverse” and the issues the firm faces with the supply chain. She speaks on “Bloomberg Markets: European Open.” (Source: Bloomberg)
The word "Metaverse" is made up of the prefix "meta" (meaning beyond) and the stem "verse" (a back-formation from "universe"); the term is typically used to describe the concept of a future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. The metaverse in a broader sense may not only refer to virtual worlds, but Internet as a whole, including the entire spectrum of augmented reality.
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