The company behind the creation of Meta AR headset, Meta, after working furiously in order to keep the day to day operations up and running, has sadly been sold to a company whose identity remains obscure. This news first surfaced on the internet when around last week, Next Reality reported about a legal filing stating that Meta’s assets had officially been sold. Notably, now Meta itself has verified that the news is absolutely true and has also addressed their opinions about the new owners that are along the lines of highly optimistic.
As per the information provided by both the legal filing as well as Meta CEO Marian Gribetz, the company played rather an insignificant part in the selling of its assets, most of which was carried out by the bank bearing the company’s debt. Even though Gribetz has quite repeatedly mentioned that he is not at all revealing the identity of the new owners nor what they have in mind for the future of Meta, he still hinted us the fact that the buyers showed some serious interest in Meta’s assets.
According to some trustworthy sources that are profoundly familiar with the affair, Meta’s hardware and software will nonetheless be maintained by the new owners primarily for use by the existing owners, although it still remains unknown that from now on, will any of the Meta products be sold under the name Meta or even any other brand for that matter.
Since last September, as an upshot of the tensions arising between the Trump government and China, an exceedingly important round of funding for Meta which was being made by a Chinese investor was canceled unexpectedly, resulting in the company laying off a majority of its full-time staff to continue moving the operations smoothly, but instead of a large team, they were now operating with a comparatively smaller team chiefly because of the major financial problems.
You might also like
More from Business
JP Morgan Chase Announces Plans Of Launching Its Own Cryptocurrency Using Blockchain For Making Its Payment Transfers Much Faster
On Thursday, JP Morgan Chase and Co released an official statement announcing the plans of launching its very own digital …
Twitter Billionaire CEO Jack Dorsey Says that Twitter Along With Other Major Tech Firms Have Absolutely Failed To Prevent Online Abuse
On Tuesday, CEO of the micro-blogging giant Twitter Jack Dorsey clearly stated that virtually every tech company situated in Silicon …
Amazon Debunks Ocasio-Cortez’s Claims And Invites Her For A Tour Of Their Facilities So That She Can See For Herself
On Friday, a high-profile senior executive of Amazon released an official statement debunking all of the claims made by the …