Meta has gone through a lot of changes as of late, with the most visible of these changes being its new company name. The name change has indicated a shift in Meta’s business plans for the future, suggesting that the tech giant is moving away from solely social media oriented properties in favor of other ones such as the Metaverse which many people are still struggling to understand although this is not something that youngsters are having trouble with.
Another example of Meta’s rapidly shifting priorities is its recent cancellation of its upcoming F8 Developer Conference for 2022. With all of that having been said and now out of the way, it is important to note that this is the second time that Meta has cancelled the event in the past two years, and while the first of these two cancellations was a result of the pandemic, this second one is for a different set of reasons entirely.
The reason that Meta is giving for this cancellation is that it wants to focus on the so called next chapter, generally involving a wider approach to improving internet access as well as advancing its vision for the Metaverse. However, some are saying that this is an attempt by Meta to reduce outsider insight into what it is currently up to because of the fact that this is the sort of thing that could potentially end up allowing them to make up for lost ground after the massive drop in stock prices which pushed the company out of the top ten most valuable entities for the first time in years.
Whatever the case may be, Meta has a few other conferences planned for later this year and we should expect some updates when those dates come by. The Connect conference will be interesting since last year’s iteration was when Meta announced its rebranding, so chances are that it will reveal a bit more about what the company has been focusing on and where it plans to go in the coming years to satisfy its frustrated shareholders.
Read next: Meta Gives Facebook Green Signal For Sharing Reels From Different Apps
Another example of Meta’s rapidly shifting priorities is its recent cancellation of its upcoming F8 Developer Conference for 2022. With all of that having been said and now out of the way, it is important to note that this is the second time that Meta has cancelled the event in the past two years, and while the first of these two cancellations was a result of the pandemic, this second one is for a different set of reasons entirely.
The reason that Meta is giving for this cancellation is that it wants to focus on the so called next chapter, generally involving a wider approach to improving internet access as well as advancing its vision for the Metaverse. However, some are saying that this is an attempt by Meta to reduce outsider insight into what it is currently up to because of the fact that this is the sort of thing that could potentially end up allowing them to make up for lost ground after the massive drop in stock prices which pushed the company out of the top ten most valuable entities for the first time in years.
Whatever the case may be, Meta has a few other conferences planned for later this year and we should expect some updates when those dates come by. The Connect conference will be interesting since last year’s iteration was when Meta announced its rebranding, so chances are that it will reveal a bit more about what the company has been focusing on and where it plans to go in the coming years to satisfy its frustrated shareholders.
Read next: Meta Gives Facebook Green Signal For Sharing Reels From Different Apps