• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Facebook's 'f' logo and Meta's infinity symbol. Metaverse privacy concerns. - Supply Chain News

Examining the Privacy Implications of Facebook’s Shift to Meta and the Metaverse

10/29/2021
Switzerland Map among digital cubes and binary code

Switzerland Expands Logistics Support for AI Infrastructure

09/22/2026
APEX America's Property Expo

APEX America’s Property Expo

09/22/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Kwami Dzidula Nyazozo to Represent Association Togolaise pour la Logistique at London Global Trade Forum

09/22/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Solomon Owusu to Represent Sow Property Consult Limited at the International Trade Council Global Convocation in London

09/21/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Infratel Africa Founding Partner Dr Tola Male Yusuf to Join Global Trade Leaders at London Convocation

09/21/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Deepak Warude of Innovative Filtrex Techno Engineering India Private Limited Joins London Trade Forum

09/21/2026
Alain-Bertier Luvaluka to Represent Atlantis Logistics at London Global Convocation

Evelynjust Pharmacy Ltd Managing Director Evelyn Asabea to Attend Global Trade Forum in London

09/21/2026
Canada and Europe Expand Critical Mineral Cooperation

Canada and Europe Expand Critical Mineral Cooperation

09/18/2026
China and US Business Delegations Support Trade Links

China and US Business Delegations Support Trade Links

09/18/2026
Vietnam Opens New Automotive Logistics Route

Vietnam Opens New Automotive Logistics Route

09/18/2026
Canada Strengthens Tungsten Supply Chain

Canada Strengthens Tungsten Supply Chain

09/18/2026
ASEAN Expands MSME Supply Chain Integration

ASEAN Expands MSME Supply Chain Integration

09/18/2026
supplychainreport
Wednesday, September 23, 2026
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Examining the Privacy Implications of Facebook’s Shift to Meta and the Metaverse

by Richie
10/29/2021
in Data Protection, Risk Mitigation, Security & Risk

The company formerly known as Facebook has introduced a new corporate identity, Meta, at its annual conference, signaling a pivot towards the development of a virtual realm known as the ‘metaverse.’ This move represents a commitment to expanding beyond social media into a virtual space designed for interaction, commerce, and entertainment. While the Facebook app retains its name, the rebranding reflects a broader strategic direction for the company.

Dr. Marcus Carter from the Socio-Tech Futures Lab at the University of Sydney, alongside Dr. Ben Egliston from QUT, has been analyzing Facebook’s ventures into Virtual Reality (VR) and Augmented Reality (AR) technologies. Following Facebook’s acquisition of Oculus in 2014 for $2 billion, Meta has been channeling substantial resources into VR and AR, with reported annual expenditures reaching around $10 billion for its research and development division in these areas.

YOU MAY ALSO LIKE

Europe Supports Open Source Supply Chain Research

UK Strengthens Defense Supply Chain Oversight

The ‘Ethical Implications of Emerging Mixed Reality’ project by Dr. Carter and Dr. Egliston focuses on the ethical considerations inherent in the proliferation of VR and AR. They express concerns that the data collection capabilities of these technologies are significant, highlighting the risk of data being used in ways that could harm individuals or society, similar to the issues raised around Artificial Intelligence.

The researchers assert that the intricate data derived from VR—regarded as a behavioral biometric due to its uniqueness to individuals—could lead to privacy violations if misused for identification purposes. With Meta’s business model heavily reliant on targeted advertising, which accounts for a substantial portion of its revenue, the tracking capabilities offered by VR are particularly relevant.

Despite Meta’s announcement of a $50 million investment in ethically shaping the metaverse, the researchers remain skeptical, suggesting that such efforts might not sufficiently address the structural impacts of new technologies on society. They argue that the company’s history, including the handling of the Cambridge Analytica incident, demonstrates a pattern of ethical concerns, particularly in data usage and the company’s influence.

The researchers also reference the involvement of digital rights organizations in consultations, such as the instance where Access Now participated in a privacy-focused event for the RayBan Stories AR smartglasses but saw their primary recommendation overlooked. They note that many of the entities consulted by Meta are recipients of funding from the company and the Chan Zuckerberg Initiative, which could influence the objectivity of the feedback process.

As Meta forges ahead in creating its version of the metaverse, these developments prompt calls for closer scrutiny of privacy practices and potential regulatory actions to ensure user data is managed responsibly.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#MetaRebranding #MetaverseTech #VirtualReality #AugmentedReality #VRARDevelopment #EthicalTech #PrivacyMatters #DataEthics #TargetedAdvertising #DigitalRights #EmergingTech #TechRegulation

ShareTweet

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.