Metaverse, the virtual world that Meta established with great hopes and shared with users, suffered a serious loss according to the financial report it announced. Representing Zuckerberg’s entry into the virtual world, Metaverse promises its users a second world like in the movies. But the latest financial reports from the world of the second reality are not very encouraging. Here are the details on the subject…
4 billion dollars loss!
Social media giant Meta announced the first quarter reports of 2023 yesterday. The report included the profit and loss status of platforms belonging to Meta company. According to the report, Meta’s most used platforms Instagram, Facebook and WhatsApp generated $28.6 billion in revenue. With this income, the commodity has achieved its predictions when the last quarter report of 2022 was published.
However, things are not very pleasant for Metaverse, the virtual intelligence division of the company. According to the financial report announced, Reality Labs, the company responsible for the company’s Metaverse investment, made a loss of $ 4 billion. The company has not had many profitable periods in the past year. Experts point out that the amount of damage will continue to increase in 2023.
Meta is after being the owner of social media!
Zuckerberg continues to monopolize social media platforms. Meta is now staring into the Twitter void.
Meta CEO and Facebook founder Mark Zuckerberg made statements on the subject. Emphasizing the importance of artificial intelligence in his speech, Mark Zuckerberg stated that the Metaverse universe maintains its former popularity. CEO Zuckerberg added that the Metaverse world still has not lost its influence, and that its popularity will gradually increase. He added that the company will increase its profitability rate in 2023, unlike experts.
The explanation, unfortunately, contradicts users and reports. Reports show that the Metaverse universe has been hurting since last year, and although the number of registered users in the system has increased, the number of active users has decreased. So Metaverse is gradually losing its popularity. In addition, the company made a loss of $13.7 billion when all quarters of last year were added up.
Zuckerberg has full faith in Metaverse. The successful CEO thinks that this world will make up for the losses that it is currently doing with huge profits and preserve its glory. Although this contradicts the estimates, Zuckerberg may have a secret plan. And he can have full faith in the success of these plans. We will see this in the coming days.
So what do you think? We are waiting your comments…