$30 billion loss on a single idea

Meta boss Mark Zuckerberg

Investor confidence is waning.

(Photo: AP Photo, Imago, All Mauritius [M])

San Francisco, Dusseldorf Mark Zuckerberg is known for his usually rigid facial expressions and mostly emotionless public appearances. But when he was recently approached by analysts about his plans for the metaverse, he got excited. “We’re creating history here,” says Zuckerberg. “I think that decades from now people will be looking back at the importance of the work done here.”

The Facebook founder has created a group of superlatives. His company Meta has more than 3.7 billion customers worldwide. Meta thus reaches around 80 percent of all people on the globe with Internet access – with the exception of China, where Meta products are blocked.

Eight out of ten meta customers use one of the products like Facebook, Instagram or WhatsApp at least once a day. And yet Zuckerberg is now banking everything on a new project: the Metaverse.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-11