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26 Oct 2021
Facebook invests billions in metaverse efforts as ad business slows
Facebook, which reported third-quarter profit up 17%, warned that Apple's new privacy changes would weigh on its digital business in the current quarter. The buzzy term refers broadly to a shared virtual environment that can be accessed by people using different devices. Facebook said it plans to hire 10,000 employees in Europe over the next five years to work on this initiative.






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