In context: Mark Zuckerberg’s faith in the metaverse remains unshakeable, but not everyone shares his belief that this vision of virtual/mixed reality is the future of the way we work and play online. One of them is the market research firm Canalys, which predicts that most commercial projects in the metaverse will be closed by 2025.

Reality Labs, the Meta hardware-focused division and metaverse aspirations, has lost about $16 billion since the beginning of last year and is making cuts as a result, including to the dual-camera smartwatch. But Zuckerberg still believes the metaverse will generate hundreds of billions, if not trillions, of dollars over time. That’s despite skepticism shared by half of all teens and some of the Meta staff. Even John Carmack has been expressing caution…