In this April 14, 2020 file photo, the thumbs up Like logo is shown on a sign at Facebook headquarters in Menlo Park, Calif. (AP Photo/Jeff Chiu, File)
Facebook is trying to pull in workplace users with a new virtual-reality app called Horizon Workrooms.
Workrooms lets people meet remotely in a virtual space populated by avatars. It’s an app for Facebook’s headset, which costs at least $300 and weighs a pound. People without a headset can join with a video call.
Facebook CEO Mark Zuckerberg expects the “metaverse,” a vague concept tied to augmented and virtual reality, to be the next stage of how people experience the internet.
Virtual reality has never really taken off, even during the pandemic, when remote work became the norm.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
