Meta is Planning to Launch Its First Retail Stores as It Expands Into Metaverse

Meta, formerly known as Facebook, is set to open its first retail stores as the social media giant prepares to expand its presence in the metaverse space.

Meta to Launch Retail Outlets

Facebook, now known as Meta, is set to open its first retail stores across the United States. In a report earlier today by The New York Times, the tech giant will open retail outlets across the US in a bid to expand its presence in the metaverse space.

According to the report, Meta hasn’t set an opening date for the launch of the stores. However, the retail outlets will allow the social media giant to showcase metaverse-focused devices like virtual reality headsets and teleconferencing gadgets. The gadgets will allow Meta users to video chat through its various platforms.

Facebook took the world by surprise last month when it announced that it had rebranded the company to Meta. The social media giant is now known as Meta and is set to enter the metaverse space and become a major player in the emerging industry.

Thanks to Facebook’s entry into the space, numerous cryptocurrencies, including Decentraland (MANA), The Sandbox (SAND) and Enjin coin (ENJ), have all rallied as they are metaverse-focused projects.

Meta said it is shifting its focus to developing a virtual world or metaverse where people can work, play and socialize. By opening retail outlets, The New York Times said Meta is open to having a physical presence that would help users connect with the metaverse world.

FB is Up by 1.6% Today

The shares of Meta are up by more than 1.5% since the news broke out that the company is planning to launch retail outlets for its metaverse devices. At the time of writing, FB is trading at $341 per share.

FB’s price has increased by roughly 5% since Facebook rebranded its name to Meta last week. The market has received the news positively as Facebook looks to become more than just a social media company. The coming weeks and months could see FB rally higher as Meta unveils more details regarding its metaverse project.