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Facebook hires 10,000 workers in the EU to build a “metaverse”

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Plans to create 10,000 jobs in the European Union over the next five years and build a virtual territory that is a key factor in the future and is considered a major driver of new technology investment.

US social media giants work on Sunday with highly skilled labor in the region to help users build the “metaverse,” an online domain that interacts with each other using technologies such as virtual reality and augmented reality. Announced that it will start recruiting activities for people. The company said it will focus on recruitment in Germany, France, Italy, Spain, Poland, the Netherlands and Ireland.

In a blog post, Facebook said the investment was “a vote of confidence in the strength of the European technology industry and the potential of European engineers.”

“The need for highly specialized engineers is one of Facebook’s most pressing priorities as we embark on a journey to bring the Metaverse to life,” he said.

Congressmen liken Facebook and Instagram tactics to tobacco industry tactics. Joanna Stern of the WSJ will review both hearings to find out what tobacco regulation can tell us about what’s coming to Big Tech.Photo Illustration: Adele Morgan / Wall Street Journal

Facebook CEO Mark Zuckerberg presented a vision for the Metaverse during the summer, explaining that it is the successor to the mobile Internet, which is a major driver of investment in new technologies. Last month, the company announced plans to invest $ 50 million to build virtual space, noting that it could take 10 to 15 years for some of it to be fully developed.

Other leading technology companies are developing their own hardware and software products for the virtual world within the Metaverse, including Metaverse, or Nvidia. Ltd

, Roblox Ltd

, Epic Games Inc. And Microsoft Ltd

Facebook’s EU adoption announcement is backed by the power to impose heavy fines as it is discussing multiple legislative packages aimed at limiting the power of large tech and social media companies. It is a rule. Facebook said it welcomed new regulations, including some of the EU bill, but also expressed concern about some of those factors.

“The EU also has an important role to play in shaping the new rules of the Internet,” Facebook said in a blog post on Sunday by incorporating the European values ​​shared by Facebook.

Facebook has seen increased regulatory oversight on both sides of the Atlantic, following a series of articles by The Wall Street Journal. It is based in part on the company’s extensive internal communications, which provide an unprecedented perspective on managing Facebook’s products and systems at a central location. Of the success of that business.

These articles helped spur the Senate hearing in late September and October.

Facebook states that the internal investigation was out of context. The journal states that it supports the report.

Write in Ben Otto ben.otto@wsj.com

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Facebook hires 10,000 workers in the EU to build a “metaverse”

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