November 8, 2024

Rise To Thrive

Investing guide, latest news & videos!

Metaverse experience to sway real-world travel choices in 2023: Survey

1 min read
Metaverse experience to sway real-world travel choices in 2023: Survey

As borders open up following prolonged COVID-induced travel restrictions,

Tech giant Microsoft’s plan to step into the Metaverse business hit a massive roadblock after the United States Federal Trade Commission (FTC) sought to block the acquisition of Activision Blizzard.

The acquisition of Activision Blizzard for $69 billion would have played “a key role in the development of metaverse platforms,” according to Microsoft CEO and chairman Satya Nadella. However, the FTC pointed out Microsoft’s anti-competitive practices, wherein the company limited the distribution of console games after acquiring rival gaming companies.