Facebook Parent Meta Capitalizes On Super Bowl Ad To Promote Metaverse

Meta Platforms Inc's FB Super Bowl ad looks to sell the metaverse promise and its virtual-reality headsets with the help of an out-of-work animatronic singing dog, the Wall Street Journal reports.
The commercial that the Meta aims to run during the game features the company's Quest 2 headset, which sells for at least $299.
The ad depicts an animatronic band with a steady gig at a Chuck E. Cheese-style arcade restaurant called Questy's, WSJ noted.
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Shares in Meta plunged last week after it reported a sharper-than-expected decline in profits and a dismal outlook in its first earnings report since CEO Mark Zuckerberg outlined the shift and dropped the Facebook Inc name.
Zuckerberg disclosed Meta's focus on hardware and software needed to build an "immersive, embodied internet that enables better digital social experiences than anything that exists today."
Meta looks to release a "high-end" virtual-reality headset later this year, and it is also working on augmented-reality glasses, he said.
Price Action: FB shares traded lower by 1.91% at $227.52 on the last check Thursday.