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FB Stock Slightly Down, Facebook to Hire 10,000 Engineers for Metaverse Dream

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by Oluwapelumi Adejumo · 3 min read
FB Stock Slightly Down, Facebook to Hire 10,000 Engineers for Metaverse Dream
Facebook office in Dublin, Ireland. Photo: Facebook Inc

For achieving Facebook’s mission for metaverse, the recruitment of professionals in the field is paramount.

It is evident that the social media giant Facebook Inc (NASDAQ: FB) has a vision for a digital world called “metaverse.” In its effort to actualize this, it would be hiring 10,000 engineers in the European Union for a period of the next 5 years.

Today in the pre-market, FB stock is 0.022% down, trading at $324.69. On Friday, teh stock closed trading at $324.76, having lost 1.15%.

Metaverse Plans of Facebook

Mark Zuckerberg-owned Facebook announced on Sunday that it would be creating new jobs in Europe by recruiting expert engineers who would help build its metaverse. European countries like Germany, France, Italy, Spain, Poland, the Netherlands, and Ireland are potential countries from which 10,000 engineers would come from.

Nick Clegg, Facebook’s head of global affairs, and Javier Olivian, Vice President of central products, collectively said, “Europe is hugely important to Facebook,” in a blog post that the proposed recruitment is based on the continent’s huge product contribution.

“From the thousands of employees in the EU to the millions of businesses using our apps and tools every day, Europe is a big part of our success, as Facebook is in the success of European companies and the wider economy,” he added.

In the blog post announcement, the duo said that to achieve Facebook’s mission for metaverse, the recruitment of professionals in the field is paramount. “As we begin the journey of bringing the metaverse to life, the need for highly specialized engineers is one of Facebook’s most pressing priorities.”

They continued that Facebook intends to work together with governments in the stated countries to ensure it hires better hands and a suitable market. “We look forward to working with governments across the EU to find the right people and the right markets to take this forward, as part of an upcoming recruitment drive across the region.”

Facebook Faces Instagram Challenge

While this appears like good news, it coincides with when the giant social media platform faces trouble, as a recent publication about its product, Instagram, detailed the negative effect of the platform on teenagers.

Most critical is the leaked internal documents by Frances Huagen, indicating that Facebook is putting “astronomical profits before people.” Facebook owner Mark Zuckerberg however dismissed these claims.

Notably, Haugen and another Facebook whistleblower, Sophie Zhang, are expected to appear before the UK Parliament this month to testify against the giant social media business practice. EU lawmakers are also calling on Haugen to appear at a parliamentary hearing in November.

It is worth adding that aside from Facebook, a number of other companies, including Microsoft, Roblox and Epic Games are investing heavily in their own versions of the metaverse.

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Oluwapelumi Adejumo

Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.

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