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

IBTimes

CenterMixed FactualityMedia Conglomerate: IBT Media

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.

Business Insider

Lean LeftHigh FactualityPrivate 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

Lean LeftMixed FactualityWealthy Private Owner: Michael BloombergPrivate Equity: The Vanguard Group

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

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 RobertsMedia 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.