OOF: Mark Zuckerberg's losing metaverse bet cost Meta $77B

OOF: Mark Zuckerberg's losing metaverse bet cost Meta $77B

Meta, the company formerly known as Facebook, changed its name back in 2021 as CEO Mark Zuckerberg planted his flag into the “metaverse,” denoting it as the future of his company. Several short years later, all Meta gained from the brash move is an empty digital wasteland, a drop in hardware sales, and substantial losses that could fund the GDP of a small country. With debt mounting, Meta would be in serious trouble if not for the help of an unw…