Despite investing billions of dollars in Meta’s metaverse project with limited returns thus far, CEO Mark Zuckerberg remains committed to the initiative.
The release of Meta’s third-quarter financial reports shed light on the situation: the company’s metaverse division, Reality Labs, incurred a loss of $3.7 billion.
Even in the face of economic challenges, Zuckerberg is steadfast in his vision to develop a metaverse that facilitates work, play, and social interaction.
Mark Zuckerberg’s Goal With Meta Is Big
Despite Meta incurring billions of dollars in losses, CEO Mark Zuckerberg remains optimistic about the company’s metaverse initiatives, emphasizing the need for continued improvement and development.
During a remote interview at the DealBook Summit in New York on November 30, Zuckerberg was questioned about the viability of the tech giant’s metaverse project, considering its high costs and the skepticism surrounding the platform. Responding to this, Zuckerberg said:
“Looking at a ten-year time horizon, things appear quite different compared to the situation we’re facing in the next few years… I remain completely optimistic about all that we’ve been hopeful for. By the 2030s, we won’t be communicating or using computing devices in the same way we do today, and it’s essential that someone commits to building, investing in, and believing in this future.”
You may also like this content
- The Metaverse: What it is, How to Enter, and Its Potential Impact
- Metaverse 5 Reasons Why its Awesome
- Metaverse Coins Buying Guide
-
-
-
-
-
-
-
-
-
-
