Is Zuckerberg’s Metaverse Doomed to Fail?
Meta is losing loads of money, putting the whole metaverse project into questionOver the last two years, Meta CEO Mark Zuckerberg has poured millions of dollars into his immersive metaverse project, which he believes represents the future of digital technology. We’ve seen ad campaigns for the Meta virtual reality headsets, a total rebranding of Zuckerberg’s company, and an unquestioned optimism about the efficacy and popularity of online life. But the company Meta is losing money. Lots of it. Zuckerberg pledged to spend $10 billion a year towards the metaverse over the next decade, showing how committed he is to achieving his vision. The company, however, plummeted this past year, losing approximately $600 billion of its market value. People simply aren’t investing in it as Zuckerberg anticipated, and even certain Meta executives doubt Read More ›
