Zuckerberg kicks off Meta convention anticipated to indicate new headset (NASDAQ:META)

Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg promised a “massive step ahead” into the metaverse as he opened his keynote speech on the Meta Join convention, the corporate’s occasion targeted on builders, creators and expertise. Together with an replace on the corporate’s ecosystem, Meta is anticipated to roll out its high-end “Mission Cambria” VR headset.

(It was final yr’s occasion, then referred to as Fb Join, the place Zuckerberg laid out an in depth imaginative and prescient for the corporate’s pivot into the metaverse.)

“I believe that that is a number of the most wonderful expertise of our era,” Zuckerberg mentioned at the beginning of this yr’s keynote. “It should open up alternatives to construct unimaginable issues. We consider on this imaginative and prescient so deeply that we renamed our complete firm after it.”

One in three apps on the Meta Quest platform are making revenues within the tens of millions, Chief Know-how Officer Andrew Bosworth mentioned. Some 33 titles have made greater than $10M in gross income (up from 22 in February), and the variety of apps making greater than $5M has doubled year-over-year.

Shortly after Zuckerberg began talking, Meta inventory (META) was down 2.3% on the day even because the broader market turned increased. The inventory confronted a downgrade at Atlantic Equities earlier.

Keep tuned right here for updates on a growing story …