Last year at the World Economic Forum, Meta's head of global advertising relationships, Nicola Mendelsohn, said it will take around 10 years for the Metaverse to fully take off.
It was reported in February this year that Horizon Worlds - the online virtual reality game developed by Meta - lost nearly $70 billion over the last few years.
Meta is reportedly still invested in the future of the Metaverse, despite drastic losses of almost $50 billion since 2019.
I haven't been keeping up with VR stuff, but I wonder what they mean by Metaverse exactly. If it means they're trying to create open worlds with massive of scope, maybe they should focus on making better games first? It's easy to imagine how much bureaucracy and non-sense impregnates projects with unlimited, hypothetical scope.