As we know, Meta (formerly Facebook) is surrounded by a lot of problems these days. In the last year, Meta’s stock price has fallen by 70%, which has had a huge impact on the tech industry. Along with this, Meta’s CEO Mark Zuckerberg’s wealth has also fallen a lot; once he was on the list of the top 10 richest men in the world, but now he has reached the 27th position.
Let us inform you that Meta recently laid off 11,000 employees, causing production to halt on some projects, including Smart Portal Display and Smartwatch, which were previously planned with two cameras. As a senior Meta employee pointed out, the smartwatch team is now ready to integrate with augmented reality teams. Augmented reality glasses are part of the larger meta and metaverse future.