Facebook’s Metaverse explained - by metaverse explainer Matthew Ball. Plus Justin Smith builds a media biz for Bloomb

Channels with Peter Kafka

Vox Media Podcast Network

Technology, Tv & Film, Business News, News

4.4 • 585 Ratings

🗓️ 4 November 2021

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Before Mark Zuckerberg told the world he was turning Facebook into a Metaverse company, he called Matthew Ball, one of the Metaverse’s chief evangelists. Now Ball tells Recode’s Peter Kafka what Facebook’s move means. Then Bloomberg Media Group CEO Justin Smith talks about building a $100 million subscriptions business that’s separate - but related to - Bloomberg’s much larger terminal business. And why he loves video - but not podcasts. Featuring: Matthew Ball (@ballmatthew), writer and Venture Capitalist Justin Smith (@Justin_B_Smith), CEO of Bloomberg Media Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:05.8	Welcome to Recode Media with Peter Kafka.
1:08.5	That is me, and today we have yet another, if I do say so myself,
1:13.3	excellent double episode for you. First, we've got a conversation about the Metaverse and
1:18.5	Facebook. You probably heard about those two things recently. So we need to talk about that.
1:22.9	So the best guy to talk to about that is the guy Facebook calls up to talk about the Metaverse, and that is Matthew Ball,
1:29.4	who did not coin the word Metaverse, but it's been sort of a Metaverse evangelist for some time.
1:33.7	You've heard him on this show talking about the Metaverse before.
1:36.7	Generally, Mark got to talk to about streaming and gaming, lots of related stuff.
1:40.6	And last week, after Mark Zuckerberg told everyone he was transforming his company into a Metaverse company and calling it Meta, he had a conversation with Matt Ball to talk about what all that meant.
1:51.5	So now I've got Matt Ball on to talk about that conversation and the future of the Metaverse and Facebook's version of the Metaverse.
1:57.5	It's a good conversation. People pay a lot of money to talk to Matt Ball about
2:01.5	this stuff, but you can listen to it for free. And that's not all. I also talk to Justin Smith,
2:06.9	who runs Bloomberg Media's media business. Decidentally not the kind of guy who goes in for
2:11.7	hand-wavy Metaverse discussions. He is in the business of selling subscriptions and some ads
	...

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