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Even the metaverse has a shortage of women in leadership roles

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The metaverse is expected to change the future of work, customer experience, and even everyday life. But when it comes to leadership, it turns out that the real meaning suffers from the same gender parity issues that have long plagued the business world.

This is similar to the gap in Fortune 500 companies, and in startups, where only 17% of venture capital dollars go to women, according to Mackenzie The report was released on Monday.

“We’ve seen a deficit, not in terms of women participating in the metaverse, but in having leadership roles that shape what this is going to look like in the next five to 10 years,” Larina Yee, McKinsey’s senior partner in the Bay Area office, told me, one of the report’s authors. .

In terms of organizations that are members of the Open Metaverse Alliance for Web3 and the Metaverse Standards Forum, and responsible for shaping operating standards for the metaverse, 8% and 9%, respectively, are led by female executives. That’s comparable to the roughly 9% of Fortune 500 companies that are currently led by women, Ye says.

In the past five years, metaverse companies led by men have received a higher share of total venture funding than metaverse companies led by women — 90% versus 10%. Men received $107 billion in funding compared to women, who received $5 billion. The results are based on data from 4,186 institutions.

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Ironically, the research also found that among metaverse-active women, they’re more likely to be power users than men—35% compared to 29%, says Ye. The lack of female leadership in the metaverse “surprised me because I was hoping this would be one of the technologies with more parity,” she says.

You must have “clear value creation status” to join the metaverse

The metaverse has many different formats for creating immersive experiences, be it augmented reality, virtual reality, and 3D graphics, to name a few, says Ye. She says companies use the metaverse to recruit, qualify, and create a sense of community. In May, I met with Accenture executives on the Nth floor, the company’s metaverse to set up, using the avatar you created.

In terms of customers, Ikea uses 3D visualization and computer-generated objects, or CGI, to help plan the furniture layouts in your home, Yee explains. Another example: “There are fashion brands that will show you their costumes in the metaverse, and then you can buy them in the store.”

If there’s a “clear case for value creation” for a company to join the metaverse, it should “absolutely” do so, says Ye. “You need to have a very clear sense of what you’re trying to achieve with this, rather than just using it because it’s cool or different or new,” she says. The CFOs would then face the challenge of trying to figure out how much money would go into building the metaverse projects.

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The metaverse has the potential to generate up to $5 trillion in value by 2030, according to Previous McKinsey Report. And Wall Street thinks that could be the equation trillions worth like that.

Nobody graduates from high school with a Metaverse degree.

“Technology is at the forefront of creating new jobs with higher wage growth,” says Yee. “And we’ve seen historically in the US women are denied roles in technology… In this next round of innovation in the metaverse, we’d like to see something more like population parity.” With the new crop of tech jobs that the metaverse will bring, companies can change the current leadership trajectory, she says.

“Nobody graduates from school with a college degree,” says Yee. There’s no company badge that says, “You’re an expert in the metaverse,” she says. “This creates the freedom to attract people from different backgrounds,” says Yee. “So what are we doing to expand employment?” And thinking ahead, if you hire women for positions a level or two below the leadership role, you’re building a pool of potential leaders, “because a lot of the barriers are learning on the job,” she says.

The most optimistic piece—the metaverse moves quickly amidst the agility of the workforce, says Ye. “So we hope that as it develops so quickly, we can actually also turn around Statistics reported by us“, she says.

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see you tomorrow.

Sheryl Estrada
sheryl.estrada@fortune.com

Big deal

Black Friday and Cyber ​​Monday (BFCM) shopping events are set to be strong for retailers as consumers find ways to keep spending, according to a new Deloitte report. A survey of 1,200 holiday shoppers found that 80% of them plan to shop at BFCM (Thursday, November 24 – Monday, November 28). This is an increase from 71% in 2021, and a slight increase from pre-pandemic levels (79% in 2019). Deloitte found that consumers will spend an average of $500, up 12% from last year. To stretch their budgets, shoppers plan to rely more on credit payment options, including credit cards (48%) and buy now, pay later (37%). credit utilization is on the rise among all income groups, According to the report.

Courtesy of Deloitte

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“Disney’s Bob Iger isn’t the first ‘Boomerang CEO’ to come back to save a struggling company. History suggests he won’t have an easy time,” luck Report By Nicholas Gordon How The Record Published By Returning CEOs Is Certainly Mixed. “One of the most successful of these companies was Apple founder Steve Jobs, who returned to lead the technology company in 1997 after being fired as CEO 12 years earlier,” Gordon writes. However, “Chipotle founder Steve Ells returned to lead the food chain in 2016 in the wake of well-publicized food safety scandals. Ells, however, struggled to rebuild public trust in Chipotle, and stepped down as CEO a year later.”

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Andrew Gables His name was CFO’s Gold Royalty Corp. (NYSE American: GROY), effective January 1, Gubbels will succeed Chief Financial Officer Josephine Mann, who will leave the company in 2023 to focus on other opportunities. Gubbels joins the Gold Royalty team from Aris Gold Corporation, where he was a founding CEO and served as Senior Vice President, Corporate Development. Prior to Aris Gold, Gubbels was responsible for managing investment in the Americas for the Eurasian Resources Group and was previously President of Americas Metals and Mining at investment bank UBS.

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Ankit Patel He was named EVP and CFO at the Biomed Realty, a real estate solutions provider to the life science and technology industries, effective November 28. Patel joins BioMed Realty with over 13 years of experience in the healthcare and life sciences real estate sectors. He most recently served as Senior Vice President of Corporate Finance and Capital Markets, and his previous roles included investor relations, acquisitions and contributing to the company’s ESG efforts. Prior to joining Ventas in 2009, Patel started his career in investment banking at UBS and management consulting at IBM.

he heard

“We’re trying to dispel the myth that, ‘Hey, this company doesn’t have enough money to be successful.’” We think that could be farther from the truth.

—Jason Wilk, CEO of mobile banking app Dave, said the company has enough cash to weather the current downturn experienced by fintech companies. The company, which went public in January, “will not flip, despite the staggering 97% decline in its shares as of November 18,” Wilk said. CNBC reported.


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How to get a hero out of the tension of a World Cup penalty shootout

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How do you take a penalty kick and how do you save it? With the knockout stages of the World Cup kicking off on Saturday, these questions could determine who wins the trophy. In the 2018 tournament, four knockout round matches were drawn after 120 minutes and won on penalties. This time around, some teams have prepared better than ever. Others have not.

The first thing you should know is how your opponents shoot. In general, each player must answer one question: do you wait for the guard to move? Croatian Luka Modric Do. He runs slowly, raises his head, and the guard watches for the slightest sign—even a raised heel—which direction to move. In that Capricorn, Modryc He hits the ball the other way. He converted 21 of his 24 penalties, or 88 percent, according to Market transfer. The conversion rate at the soccer level has dropped over the past decade from 82 percent to around 75 percent, possibly because data analysis helps teams decipher crossed balls.

Guard confronts Modric – or Poland’s Robert Lewandowski – will want to stay still for as long as possible. It worked for Uruguay’s Sergio Rochet against Ghana on Friday: Unfazed by Andre Ayew’s slower style, he chose the right corner, helping Uruguay qualify for the knockouts at the Ghanaians’ expense.

Harry Kane, England’s chief penalty taker, requires a different approach, as he does not mark the goalkeeper. His former club coach Jose Mourinho once said: “Harry decides . . . a few days before the game how he’s going to take it and then he spends three or four days before the game practicing that shot and I love that.” Kane changes the direction of penalties well, so the goalkeeper must choose a side more or less randomly, and immediately dive. Good luck: Ken’s conversion rate is 85 percent.

Lesser bowlers sometimes oscillate between Kane and Modry’s strategyc‘s. One such example is France’s Antoine Griezmann, who missed five of the last seven penalties.

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Italy goalkeeper Gianluigi Donnarumma saves a penalty kick taken by England’s Bukayo Saka in the Euro 2020 final at Wembley © Paul Elellis / AFP / Getty Images

Argentina’s Lionel Messi also has a flaw in his approach that will become apparent to analysts who study sequence rather than simply counting the number of penalties taken into any corner: he rarely repeats his last kick. Last week, Messi scored to the right of the Saudi goalkeeper, then hit a powerful ball to the left of Poland’s Wojciech Chesney, who saved it. According to Transfermarkt, the best footballer in the world has an average career fine conversion rate of 77 per cent. Portuguese rival Cristiano “Binaldo” Ronaldo leads by six percentage points.

But these are specialists, and in the penalty shootout, the team must select five players. Players who normally wouldn’t take penalties suddenly find themselves making the long, lonely walk to take the kick of a lifetime. Under intense pressure, few would dare to coldly wait for the goalkeeper’s move. Instead, inexperienced kickers tend to take the simplest penalty: pushing to the “normal side”, which for a right-footed kicker means the right of the goalkeeper. The historic conversion rate in a World Cup penalty shootout is just 70.3 percent, according to estimates Opta data provider.

The Dutch nominated one of their three guards as the “hit killer”, but did not reveal his identity. If it wasn’t for the starting player Andres Noppert, then coach Louis van Gaal might bring in the specialist before a penalty shootout, as he did with Tim Krul in the 2014 World Cup against Costa Rica. Kroll stood tall above every opponent’s kicking, trash-talking, and the Dutch won.

It was the case of a goalkeeper’s aura that intimidated opponents. One of the beneficiaries of that in Qatar may be Swiss Jan Sommer, who has graduated from regular penalty taker to penalty taker: since September 2019, he has saved five out of the 11 he has faced in all competitions.

England have suffered more penalties than any other country except Spain. When Gareth Southgate became their manager in 2016, they lost five hits in a row. Southgate, who himself missed the decisive penalty for England in the Euro 1996 semi-final against Germany, attempted to recreate the full atmosphere of a penalty shootout in training sessions. As Paul Hayward writes in his book, his men also learned a key statistic England Football: The Biography. “Players who run slowly score 80 percent of the time, while those who run more quickly score only 60 percent.”

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Southgate has removed some of the responsibility from his players by choosing England kickers himself. This removes the sight of an exhausted coach begging, stressing the players to go, as Spain coach Fernando Hierro did against Russia in 2018. Striker Diego Costa was caught on television cameras warning of Cook’s selection. “Coca-Cola is good,” Hierro insisted. After the midfielder missed and Russia won, Costa said, “I told you.”

And the managerial choice to stop incompetent penalty takers, such as England’s Raheem Sterling, from volunteering backfires. Southgate’s side beat Colombia on penalties in the last World Cup. But homework can’t guarantee success: England lost the Euro 2020 final on penalties, perhaps upset by the size and brilliance of Italy’s 6ft 5in goalkeeper Gianluigi Donnarumma.

Luck is important in a penalty shootout. But to paraphrase golfer Arnold Palmer, the more prepared teams are, the luckier they are at getting it.


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How to watch FIFA World Cup Round of 16 matches in Qatar broadcast live online for free without cable: Fox, FS1, Telemundo

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The United States pulled off a thrilling victory over Iran on Tuesday, but that was just the beginning of the long road to the FIFA Championship. The last 16, also known as the knockout round, kicks off on Saturday. One loss will send packing teams off.

There are no links. There is no second chance. The competition is much tougher than the group stage.

Sports stars are still in contention. Portugal, led by Cristiano Ronaldo, went through the knockout round, as did Argentina, led by Lionel Messi.

The stakes — and the drama — are high. And while most fans will be heading home (or at a favorite watering hole) over the weekend, don’t be surprised if some escape in the early part of next week. If you’re hoping to catch the action, here’s what you need to know.

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When will the United States face the Netherlands in the 2022 World Cup?

The United States and the Netherlands will start the Round of 16 on the morning of Saturday, December 3 at 10:00 AM ET. The games will run through December 6.

Where can I watch the USA-Netherlands match in the 2022 World Cup?

Fox This showdown will be carried on the main channel over the air to ensure the widest audience. The game will also be broadcast on Peacock.

Who would prefer to win the USA-Netherlands match in the 2022 World Cup?

It does not look good for the United States. The Netherlands are heavily favored to win, with a probability of 49%. The probability of winning the USA is only 23%. (It’s basically the opposite of the odds from the US/Iran game.)

The chance of a tie is 28%.

What is the schedule for the round of sixteen matches in the 2022 World Cup?

Saturday 3rd December

Netherlands versus the United States10:00 a.m. ET on Fox and Peacock

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Argentina vs Australia2:00 p.m. on FS1 and Peacock

Sunday, December 4th

France versus Poland10:00 a.m. ET on FS1 and Peacock

England and Senegal2:00 p.m. on FS1 and Peacock

Monday, December 5th

Japan vs Croatia10:00 a.m. ET on FS1 and Peacock

Brazil vs South Korea2:00 p.m. ET on FS1 and Peacock

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Tuesday, December 6th

Morocco vs Spain10:00 a.m. ET on FS1 and Peacock

Portugal vs Switzerland2:00 p.m. ET on FS1 and Peacock

Can I watch the 2022 World Cup if I don’t have a cable subscription?

on Saturday? yes. Fox will carry the World Cup, as will Telemundo, both of which can be picked up via an over-the-air antenna in most cities, meaning you’ll be able to watch even if you don’t have a cable subscription.

To ensure that you are getting the most reliable signal, be sure to test the antenna in multiple locations in your home. Note, however, that you won’t be able to watch games on FS1, which will carry a number of games for English fans.

How can I stream the 2022 World Cup if I don’t have a cable subscription?

There are several options:

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peacock

broadcast service on NBC It is the home of live World Cup broadcasts, featuring all 64 matches broadcast by Spain. There will also be an on-demand broadcast of completed matches. (Note that there’s no English-language streaming alternative announced yet. You can get a free seven-day trial, followed by $5 or $10 per month. (The Peacock free version doesn’t include live sports.)

Hulu With live TV

Free trial on this service It is also no longer shown. It will cost you $70 per month.

The YouTube

After up to Two-week trialYou can expect a monthly fee of $65.

sling tv

Dish Network’s Sling’s lowest-tier “Orange” plan will set you back $35 per month. Adding the more comprehensive Blue plan brings the cost to $50 per month. You’ll first get a free seven-day trial — and for now, the cord-cutting service cuts your first month’s bill in half.

DirecTV Stream

Formerly known as DirecTV Now, AT&T TVNow, and AT&T TV, this A frequently renamed streaming service You will get $70 per month and up after the free trial option.

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Fubo TV

This sport that focuses on cutting the rope Services Carries broadcast networks in most markets. There is a seven-day free trial, followed by a monthly fee of between $70 and $100, depending on the channels you choose.

How does the knockout phase of the World Cup work?

From now on, win or go home. Each match is single elimination and there are no ties.

If the game is still tied after 90 minutes, it goes into 30 minutes of extra time. If things still don’t settle down after 120 minutes of total play, it will be settled in a penalty shootout. Each side takes turns shooting the ball from the penalty spot as the goalkeeper attempts to stop the shot. The team that scores the most goals out of five attempts wins.

If things continue even after those five kicks, the penalty shoot-out continues until “one team scores more goals than the other from the same number of kicks,” according to FIFA.

The new Impact Report weekly newsletter will examine how ESG news and trends are shaping the roles and responsibilities of today’s CEOs – and how they can better overcome these challenges. Subscribe here.

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Microsoft is ready to fight for the $69 billion Activision deal

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(Bloomberg) — Microsoft is ready to fight over its $69 billion acquisition of Activision Blizzard Inc. If sued, the US Federal Trade Commission seeks to block the deal, according to a person familiar with the matter.

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The Xbox maker has not been in talks with the FTC about remedies or waivers intended to approve the deal, said the person, who asked not to be identified discussing a confidential matter. The person added that FTC staff are wrapping up their investigation and are expected to make a recommendation soon. The FTC commissioners will then vote on whether to file a case.

In the event that the FTC attempts to block the case, Microsoft is preparing to challenge that decision in court, said the person, who requested anonymity speaking about the internal strategy. Jennifer Rhee, an antitrust analyst at Bloomberg Intelligence, said it wouldn’t surprise her if the FTC filed a lawsuit seeking to block the deal, but noted that a court battle would be hard for its enforcers to win and Microsoft could prevail — though the legal battle could stretch. after the deal’s expiry date. Microsoft said it expects to close the deal by June 30.

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Another option for Microsoft would be to abandon the deal in the face of a challenge from the Federal Trade Commission. That’s what the company did in 1995 when the US government sued to block its acquisition of Intuit Inc. to manufacture accounting software, as Microsoft said it did not want to face a long legal battle.

Microsoft’s best chance of winning approval to buy Activision is to convince the Biden administration to accept a settlement in which it promises it will not withhold its popular titles from competitors.

But Biden’s antitrust enforcers aren’t fond of such agreements — especially after the Ticketmaster bombing this month brought to light a failed 2010 Justice Department settlement with Live Nation Entertainment Inc.

The FTC takes a tough approach to mergers, especially when it comes to technology and digital markets, but has not indicated whether it plans to sue to block the deal.

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In July, the agency filed a lawsuit to block Meta Platforms Inc. From the purchase of the virtual reality application Fitness Inside, claiming that the deal can eliminate competition in a small number of markets, referred to as “emerging competition”.

Microsoft and the Federal Trade Commission declined to comment. Politico reported last week that the Federal Trade Commission is likely to challenge the deal.

The US is one of at least three jurisdictions in which regulators have raised questions about the mega deal, which would dramatically change the landscape of video games and put Microsoft in third place in the global gaming market behind Tencent Holdings Ltd. and Sony Group Corp.

European and UK antitrust regulators have raised questions about whether the popular Call of Duty game franchise will still be available to gamers on Sony’s PlayStation console and whether the merger will allow Microsoft to take a dominant role in the burgeoning but still small market for cloud gaming services.

Microsoft has offered Sony a deal whereby Call of Duty games will be available on PlayStation for ten years, though the companies will need to put in place financial terms to the agreement, the person said.

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That person said the software giant advised regulators of these discussions, but did not submit a formal remedy proposal because the review process had not progressed to that stage.

It doesn’t make financial or strategic sense for Microsoft to keep the best-selling PlayStation game franchise because more copies of games are sold on PlayStation than on Xbox and because such a move would anger gamers in a way that could have negative implications for Microsoft. In fact, the acquisition wouldn’t be financially viable for Microsoft if it cut Call of Duty to PlayStation, the person said.

Given the various stages of various investigations around the world, Microsoft will likely discuss this move first with the European Commission, which has set March 23 as the deadline for completing its in-depth review of the deal.

The person said Microsoft hopes the remedies it provides to the European Union will be sufficient globally. However, UK regulators will likely want additional steps from the company.

The UK’s Competition and Markets Authority is currently under an in-depth investigation of the deal after an initial investigation found concerns in game consoles, multi-game subscription services and cloud gaming marketplaces.

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The agency said in an October document outlining the scope of its investigation that it was concerned that the deal could allow Microsoft to gain massive market power that would allow it to cut out competitors such as Sony. Although Microsoft promised it would not do so because of reputational damage to Xbox or Call of Duty, the watchdog said it had not identified “convincing evidence” to believe the statements.

Scrutiny of the dominance of big tech companies by the UK agency has intensified since it gained new powers post-Brexit.

Microsoft and the CMA will appear at a key party hearing in mid-December, part of the UK merger process that will allow them to segment and test the parties’ arguments. The agency is expected to make an interim decision by January, and the deadline for a full decision is March.

— With assistance from Emily Birnbaum and Stephanie Bodoni.

(Updates to add the previous acquisition challenge in the fourth paragraph.)

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