Meta Stocks Dip 3.21% Amid Compliance Moves and Quest 3S Buzz
Friday, Sep 6, 2024 6:32 pm ET
2min read Meta Platforms Inc. (META) experienced a 3.21% drop, closing at $500.27 on Friday. This slump comes amid significant developments concerning compliance with the European Union’s Digital Markets Act (DMA). Meta has undertaken robust measures to ensure interoperability between its messaging services—WhatsApp and Messenger—with third-party messaging apps, targeting European users.
To comply with DMA regulations, Meta has integrated third-party chat features into WhatsApp and Messenger. This integration enables users to connect with individuals using other interoperable messaging services, broadening communication possibilities. Additionally, Meta has introduced notifications in both apps to inform users about the availability of third-party chats and developed a streamlined onboarding process for managing these apps. Users have the option to separate or combine chats from various platforms for a more intuitive experience.
Going beyond basic interoperability requirements, Meta has incorporated rich messaging features such as reactions, direct replies, typing indicators, and read receipts. The company has ambitious plans to expand functionality, including group chats in 2025 and voice/video calling by 2027. However, Meta acknowledges the technical complexities involved in ensuring privacy and security in third-party chats, emphasizing that maintaining these standards is a collaborative effort with third-party services.
Meanwhile, Meta is gearing up to release the Quest 3S, which has just received certification from the U.S. Federal Communications Commission (FCC). The Quest 3S is positioned as a more budget-friendly version of the Quest 3, expected to be priced between $300 and $400. It retains key performance features from the Quest 3, including the Qualcomm Snapdragon XR2 Gen 2 chipset and color passthrough MR capabilities but uses more economical components to reduce costs.
Reports indicate that the Quest 3S will feature a Fast-Switch LCD display, with a resolution of 1832*1920 pixels per eye, supporting refresh rates of 90Hz and 120Hz. The device will also include adjustable interpupillary distance (IPD) settings and four infrared tracking cameras along with two 4MP RGB passthrough cameras. The new Touch Plus controllers will ensure a consistent user experience with the Quest 3.
With the Meta Connect 2024 conference around the corner, scheduled for this month, speculation is rife that the Quest 3S will be officially unveiled during the event. Additionally, Meta is expected to introduce its first AR glasses, "Orion," and demonstrate new AI advancements aimed at enhancing user interactions with its hardware.
Meta’s strategic approach in virtual reality (VR) signifies its unwavering commitment to the sector. By introducing a cost-effective yet powerful VR device, Meta aims to broaden its user base and maintain its competitive edge against rivals like Apple. Anticipation for the Meta Connect 2024 conference is high, as the industry awaits more details on Meta's next moves in VR and AR realms. Whether the Quest 3S will achieve success akin to its predecessor, Quest 2, remains to be seen.
To comply with DMA regulations, Meta has integrated third-party chat features into WhatsApp and Messenger. This integration enables users to connect with individuals using other interoperable messaging services, broadening communication possibilities. Additionally, Meta has introduced notifications in both apps to inform users about the availability of third-party chats and developed a streamlined onboarding process for managing these apps. Users have the option to separate or combine chats from various platforms for a more intuitive experience.
Going beyond basic interoperability requirements, Meta has incorporated rich messaging features such as reactions, direct replies, typing indicators, and read receipts. The company has ambitious plans to expand functionality, including group chats in 2025 and voice/video calling by 2027. However, Meta acknowledges the technical complexities involved in ensuring privacy and security in third-party chats, emphasizing that maintaining these standards is a collaborative effort with third-party services.
Meanwhile, Meta is gearing up to release the Quest 3S, which has just received certification from the U.S. Federal Communications Commission (FCC). The Quest 3S is positioned as a more budget-friendly version of the Quest 3, expected to be priced between $300 and $400. It retains key performance features from the Quest 3, including the Qualcomm Snapdragon XR2 Gen 2 chipset and color passthrough MR capabilities but uses more economical components to reduce costs.
Reports indicate that the Quest 3S will feature a Fast-Switch LCD display, with a resolution of 1832*1920 pixels per eye, supporting refresh rates of 90Hz and 120Hz. The device will also include adjustable interpupillary distance (IPD) settings and four infrared tracking cameras along with two 4MP RGB passthrough cameras. The new Touch Plus controllers will ensure a consistent user experience with the Quest 3.
With the Meta Connect 2024 conference around the corner, scheduled for this month, speculation is rife that the Quest 3S will be officially unveiled during the event. Additionally, Meta is expected to introduce its first AR glasses, "Orion," and demonstrate new AI advancements aimed at enhancing user interactions with its hardware.
Meta’s strategic approach in virtual reality (VR) signifies its unwavering commitment to the sector. By introducing a cost-effective yet powerful VR device, Meta aims to broaden its user base and maintain its competitive edge against rivals like Apple. Anticipation for the Meta Connect 2024 conference is high, as the industry awaits more details on Meta's next moves in VR and AR realms. Whether the Quest 3S will achieve success akin to its predecessor, Quest 2, remains to be seen.
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