Social media giant Meta plans to focus on metaverse and augmented reality (AR) technologies in 2023, despite the billion-dollar loss in 2022.
According to the news published by Bloomberg on December 19, Meta, the company’s subsidiary working on metaverse and augmented reality. To Reality Labs in 2023 of the total budget 20% of plans to separate. Although the company’s metaverse plans continue to be questioned by investors, management will break new ground in the long run investments in this area. under control underlined that.
Meta’s Chief Technology Officer (CTO) Andrew Bosworth included some data in his blog post. The data showed that the company allocated a 20% budget to Realty Labs in the third quarter of 2022. When experts consider this data, it will be devoted to the metaverse in the new year 20% of the budget in the third quarter 18% more than budget different and that this is not the main budget and focus of the company. To Facebook, Instagram, Messenger and WhatsApp He stated that it means he will continue to separate.
The CTO said in a statement that the combination of global economic challenges and pressure on the company’s core business has had a major impact on the company’s investments. a storm of doubt he said he created it. Despite what happened, Bosworth said the company’s short-term goals by focusing long-term from your plans to give up He suggested that it could have disastrous consequences. In addition, 20% of the allocated budget makes itself the world’s largest. competitive and innovator one of the industries dedicated to being a pioneer for a company a reasonable amount of investment argued that.
On the other hand, like many companies in many fields, 2022 was a difficult year for Meta. The company during the year a sudden downsizing and in the metaverse domain damages $9.4 billion tested by radical events such as the rise of The company still uses its core business, such as Facebook and Instagram. $32 billion profit achieved.