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Jaeden Schafer

๐Ÿ‘ค Speaker
1700 total appearances
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Podcast Appearances

AI in Business
Meta Prioritizes AI Business

And they said, you know, there's going to be this new era of virtual reality.

AI in Business
Meta Prioritizes AI Business

It was definitely a big shift from basically focusing themselves on social media.

AI in Business
Meta Prioritizes AI Business

They're kind of like a new company.

AI in Business
Meta Prioritizes AI Business

It was like a big new marketing thing.

AI in Business
Meta Prioritizes AI Business

Part of the strategy hinged on they kind of had this belief that Gen Z was going to prefer to socialize inside of online games like Fortnite and Roblox instead of on sort of feed based apps like Instagram.

AI in Business
Meta Prioritizes AI Business

So, of course, they did this big name change thing.

AI in Business
Meta Prioritizes AI Business

And also this the name change had another purpose, which basically was to distance them from they had a lot of years of reputational damage tied to Facebook.

AI in Business
Meta Prioritizes AI Business

So at that point, the brand was kind of they had the whole Cambridge Analytica data scandal.

AI in Business
Meta Prioritizes AI Business

And there's a bunch of like internal documents and whistleblower things that were basically just making Facebook's brand not as good.

AI in Business
Meta Prioritizes AI Business

And in how, you know, there's a bunch of whistleblowers and how it was harming teens and children.

AI in Business
Meta Prioritizes AI Business

And there's all of these like congressional hearings over surveillance and misinformation and then allegations of them being a monopoly and then allegations of censorship.

AI in Business
Meta Prioritizes AI Business

And then, you know, like there's just so much drama with the whole Facebook thing.

AI in Business
Meta Prioritizes AI Business

So rebrand, call it meta.

AI in Business
Meta Prioritizes AI Business

Um, and they were just like, look, here's our new vision.

AI in Business
Meta Prioritizes AI Business

We're going to build the metaverse.

AI in Business
Meta Prioritizes AI Business

It's going to become the next great social platform.

AI in Business
Meta Prioritizes AI Business

It's going to be, you know, a virtual world users are going to gather.

AI in Business
Meta Prioritizes AI Business

They had horizon worlds was kind of the main app or hub where they did that.

AI in Business
Meta Prioritizes AI Business

Um, and they, you know, they said like, everyone's going to play and work and socialize using metas VR headsets.