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Meta’s First Physical Store Seeks to Draw Consumers into the Metaverse

Meta’s First Physical Store Seeks to Draw Consumers into the Metaverse
Brittany Hosea-Small | Reuters

Meta’s first physical retail store, which is located right next to its Reality Labs Headquarters in Burlingame, California, seeks to display some of the company’s flagship metaverse-integrated technology including the Quest Two virtual reality headset. The purpose of the store is to give consumers a taste of what their lives could be like with virtual reality integration. Martin Gilliard, Head of Meta Store, said in an interview with CNBC: “We built the store to feel like home, to feel like work, so that you could actually easily apply how this experience translates into how to actually use it in the real world.”

Lenovo Bowers & Wilkins

In other news, Lenovo has announced that British audio manufacturer Bowers & Wilkins will be providing the sound system for its new Slim 9i Laptop. The device will feature four speakers in total, including two tweeters and two larger bass speakers mounted in the bottom of the laptop. The Lenovo Slim 9i will be available starting in June 2022 and will start at $1,799.  

Lastly, the national inflation rate is growing at a blistering pace, which is putting immense pressure on consumers who are being forced to pay extremely high prices for necessities such as gas and food. In March of 2022 alone, inflation grew by 1.2 percent with an 8.5 percent growth rate on a year-over-year basis. Moreover, just yesterday, the average price paid for gas reached a 22-year high of $4.37 per gallon, according to research conducted by AAA. These high prices are forcing consumers to be more conscientious with their spending. If the choice is between buying a new pair of headphones or having enough for gas and groceries, we know which one we’re cutting.

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