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

Bloomberg

Lean Left

Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

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

Business Insider

Lean Left

Mixed Factuality

Private Equity: Kohlberg Kravis Roberts

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.

Bloomberg Linea

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

Moneyweb

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.

Business Insider SA

Private Equity: Kohlberg Kravis Roberts

Media Conglomerate: 24.com

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.