OMD FWD: 21.12.2022
OMD Worldwide
22 December 2022

This week’s FWD covers Meta’s new budget announcement for 2023. In a blog post, Meta’s Chief Technology Officer, Andrew Bosworth, announced that the company will continue to devote around 20% of its overall costs to the Metaverse in 2023.

A 20% investment in futuristic technologies is a “level of investment we believe makes sense for a company committed to staying at the leading edge of one of the most competitive and innovative industries on earth,” Andrew Bosworth wrote.

News:

  • Google looks to expand its search capacity within videos by using video captions to allow users to keyword search for sections within video clips.
  • Twitter bans users linking out to competing social platforms, including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post.

Start-up:

  • Hiya is on a mission to fix the spam and fraud call issue with AI. The platform protects consumers from unwanted calls and helps carriers secure their networks.

Insights:

  • Alongside Twitter Blue‘s relaunch, Twitter has begun rolling ‘Blue for Business’ that adds a gold checkmark to company accounts.
  • Beauty brand NYX launches a new makeup collection on Roblox, allowing consumers to interact virtually with its latest products.
  • Instagram launches new ‘Notes’ feature, allowing users to “share your thoughts and see what your friends are up to.”
  • White Claw and Netflix team up to create a limited-edition murder mystery game, timed to the release of “Glass Onion: A Knives Out Mystery,” film.

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