Mark Zuckerberg Claims – Metaverse Will Result in “Significant” Short-Term Losses

According to CEO Mark Zuckerberg, who commented during a shareholder meeting on May 26, Meta’s metaverse move will result in a “substantial” loss in the short run. Zuckerberg stated that this will be profitable in the long run and that, for the time being, the company’s income growth will come from its Instagram Reels. According to Zuckerberg, the metaverse strategy might result in losses for up to five years, putting pressure on the company’s shares. The price of Meta has dropped dramatically in 2022, down 43.4 percent year to date. Despite a lacklustre Q1 financial report for 2022, the social media behemoth remains hopeful about the Metaverse. #Markets #HorizonWorldsVR #MarkZuckerberg #MetaMetaverse Metaverse Will Result in ‘Significant’ Loss in the Short Term: Mark Zuckerberg https://t.co/RG3Wy5kaXR pic.twitter.com/TsEycliSZs — bit.trail (@roccodallas) May 27, 2022 Meta is ramping up its metaverse efforts by launching many new initiatives. It is also interested in hardware gadgets, which will play an essential part in the Metaverse because consumers will be able to experience it through virtual reality. In April 2022, it opened its first hardware store to allow people to test hardware. The company has created cash for use in its Horizon Worlds VR programme, one of the most prominent features. Meta has made it quite apparent that she wishes to rule the Metaverse. Meta’s Metaverse’s Laser-Focused Target Meta has shifted its f...