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Mark Zuckerberg Admits The Metaverse Will Face ‘Significant’ Losses For Up To 5 Years

Summary by Ground News
Mark Zuckerberg told shareholders Meta's project will lose money over the next three to five years. Zuckerberg still holds a controlling stake in Meta. In 2021 alone, Meta spent $10 billion on designing its metaverse. Former and current Facebook employees told Insider in April that Zuckerberg is interested in little except the metaverse but lacks a coherent strategy.
1 month ago

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IBTimes

Mark Zuckerberg Admits The Metaverse Will Face ‘Significant’ Losses For Up To 5 Years

Mark Zuckerberg was frank with shareholders at a meeting on Wednesday when he said the metaverse will bring significant initial losses to Meta.

1 month ago·United States
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Business Insider

Mark Zuckerberg says Meta's metaverse project will lose 'significant' sums of money for up to 5 years

The Meta CEO made the remarks at the company's annual meeting Wednesday. The Facebook owner spent $10 billion on its metaverse project last year.

1 month ago·United States
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Bloomberg

Zuckerberg’s Metaverse to Lose ‘Significant’ Money in Near Term

1 month ago·United States
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Zuckerberg metaverse must have 'significant' losses before profiting

According to CEO Mark Zuckerberg, profit will come in the long term as a company bets on the digital economy

1 month ago
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Zuckerberg’s Metaverse to lose ‘significant’ money in near term

The metaverse, an immersive digital world, will eventually make money from a creator economy, as people build businesses selling virtual goods and services, Zuckerberg said.

1 month ago
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Business Insider SA

Mark Zuckerberg says Meta's metaverse project will lose 'significant' sums for up to 5 years

Meta CEO made the remarks at its annual meeting on Wednesday. The Facebook owner spent $10 billion on the project last year.

1 month ago
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