Meta Optimistic For Metaverse Caused $9.4M in Losses

Mark Zuckerberg, CEO of social media conglomerate Meta, said he is optimistic about the long-term Metaverse, which has cost the company $9.4 billion.

According to the New York Times, Mark Zuckerberg 30 November In his speech during the New York Times DealBook Summit on five to ten years in a period still optimistic but the company’s resources more careful He said he should use it.

More ways of communication rich immersive Stating that the company has become a virtual and augmented dominate the reality ecosystem repeated his statements. However, in the near term, the CEO will reinvest in the company’s resources. more efficient and disciplined use stressed the need. In a statement made in November, the company’s metaverse-related loss was approximately $9.4 billion and to reduce company expenses More than 11,000 people will be laid off. had been announced.

CEO of Meta’s time 80% of Instagram, Facebook, WhatsApp and remaining time spent focusing on other legacy social media apps. in 20% stated that it has developed software and hardware related to the metaverse. Investment in Reality Labs, Meta’s metaverse unit 40% of virtual reality hardware development 60% of if augmented reality spent on technologies.

Zuckerberg, on the other hand, Apple’s also its policies against digital asset practices. criticized. CEO of the company’s restrictive policies not a sustainable or good policy He said he was thinking.

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