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Mark Zuckerberg’s bet on the metaverse is off to an expensive start Mark Zuckerberg’s bet on the metaverse is off to an expensive start
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Mark Zuckerberg’s bet on the metaverse is off to an expensive start
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Old 3rd February 2022, 09:42   #1
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Default Mark Zuckerberg’s bet on the metaverse is off to an expensive start

Mark Zuckerberg’s metaverse pivot is off to slow start. The company now known as Meta lost just over $10 billion on its Reality Labs division in 2021, according to its fourth-quarter earnings report.

“This fully realized vision is still a ways off,” Zuckerberg said of Meta’s metaverse investments. “And although the direction is clear, our path ahead is not yet perfectly defined.” Zuckerberg said the company planned to launch a new "high-end" VR headset as well as a mobile version of its Horizon VR experience.

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