Cryptocurrency Q&A
Why is Meta shutting down?
Why is Meta shutting down?
CryptoPioneer
Mon Oct 28 2024
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5 answers
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I heard that Meta, the company formerly known as Facebook, is shutting down. I'm wondering why they would make such a decision. Is it due to financial issues, legal troubles, or some other reasons? I'd like to understand the background behind this decision.
5 answers
Bianca
Tue Oct 29 2024
Reuters has reported that the primary reason for shutting down Workplace is to double down on metaverse and artificial intelligence technologies.
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DaeguDiva
Tue Oct 29 2024
Workplace from Meta will continue to operate in its current state until August 31, 2025.
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Caterina
Tue Oct 29 2024
This shift in focus indicates a strategic decision by Meta to prioritize emerging technologies over its current workplace platform.
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LucyStone
Tue Oct 29 2024
Following this date, the platform will transition to a read-only and free version.
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Andrea
Tue Oct 29 2024
Users will still be able to access existing content but will not be able to make any changes.
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