Metaverse vs livestreams, which will win social media?

While the metaverse continues to be a trending topic globally, its hype has slowed down a bit. In fact, since shares of Meta plunged after the company announced a decrease in profits earlier this year, many companies are taking a more subtle approach towards the metaverse.

$Meta Platforms(FB.US)$ spent US$ 10 billion on the metaverse in 2021. Other tech companies have also invested heavily in technologies to boost their opportunities in the metaverse. Some big tech companies even made acquisitions to boost their metaverse opportunities, such as Microsoft’s acquisition of Activision.

Despite this, social media companies are hoping to bag opportunities in the metaverse as well. Many are already developing augmented reality and virtual reality tools to give their users a sneak preview of what the metaverse would look like in the future.

As the livestream market grows its user base, the metaverse might just end up being the next platform for livestream. After all, both require users to be participating in real time. Avatars in metaverse respond to user movements and controls just as how a livestream broadcast works. The only question now is, which will social media users prefer more? $NVIDIA(NVDA.US)$ $Intel(INTC.US)$ $Advanced Micro Devices(AMD.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tencent(TCEHY.US)$