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The metaverse space race will be visible from Wall Street

#artificialintelligence

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. The past 12 months have taught us that the metaverse is regarded by many as the next major frontier for tech. The furor caused by Facebook's conspicuous rebranding to Meta has shown that the 21st century's biggest technological space race will be fought on the battlegrounds of Wall Street -- but the stock market has also helped to identify some of the forgotten players that will be integral to the mechanics of this brave new world. The race for the metaverse is a unique prospect for the 21st century, primarily because there is little understanding of what such a revolutionary mixed reality digital space will actually look like in practice -- or how businesses will be looking to capitalize on the new technology. So, who will succeed in profiting the most from the metaverse?


Match Proves Absence Makes Hearts Grow Fonder

WSJ.com: WSJD - Technology

A January survey from online travel company trivago showed 38% of Americans would give up sex for a year to travel right now. The other 62% appear to be actively hunting for love online. On Tuesday online dating company Match Group showed the quest for chemistry was a very popular New Year's resolution after many months of solitary confinement. The first quarter looked good from all angles, with revenue and adjusted earnings before interest, taxes, depreciation and amortization both coming in above Wall Street's expectations. Match's revenue forecast for the second quarter was also better than analysts had expected, though the company did say it will lean into its recent momentum and increase marketing spending relative to the same period last year, weighing slightly on its bottom line.