Source: missing
Summary
Meta has signed a 10-year lease for its Meta Lab town house on Fifth Avenue. The company will occupy the space for the next decade. No further details about the lease or the space have been disclosed.
Our Reading
The trend returns with a new name.
Tech companies expanding into physical retail spaces is not a new concept. Apple has been doing it for years. Google has its own stores. The idea of a tech company having a physical presence in a prime retail location is nothing new. The fact that Meta is doing it now feels like a rehashing of an old idea. Meta’s physical presence on Fifth Avenue is just another iteration of the “tech company as retailer” trend.
Author: Evan Null
