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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