After the accusations and disparaging remarks came from many quarters, Mark Zuckerberg intervened in defense of his metaverse. “We’re not wasting money, but it will take time,” he said.
For the time being, Meta’s investments in virtual reality and in the concept of metaverse are a hole in the water. Horizon Worlds it’s a wasteland, and even Meta employees refuse to “work” in the metaverse — using virtual reality for meetings, for example.
Luckey Palmer, founder and former No. Oculus, called Horizon Worlds a “bad product, not nice at all”. While the chairman of a major fund that has invested in Meta, Zuckerberg has made substantial calls for dropping the metaverse — “a waste of $100 billion — to focus on the company’s core business, which is traditional social networking.”
But Zuckerberg just doesn’t think about it. “Look, I know full well that a lot of people might not agree with this investment, but I can tell you that… I think it’s extremely important,” said Meta’s CEO at the conference dedicated to the last quarter. “In ten years, people will look at the work we’ve done and tell them how important it was.”
But that’s the point, ten years is a huge time frame, even for a company as big as Meta. Shareholders are beginning to worry and become impatient.
Source: Lega Nerd
