Meta CEO Mark Zuckerberg is under immense pressure to cut spending on the Metaverse as investors said his experimental bets are causing “huge and scary losses”, according to Sky News. Metaverse is Zuckerberg’s next project involving a network of shared immersive virtual worlds where people can connect with friends, create and play games, work and shop. Meta announced his plans to build a Metaverse early last year that he claimed would be used by millions of its users.

Reports now suggest that Mark Zuckerberg’s Metaverse has been plagued by technical glitches and has been incurring losses and has failed to meet targets set by executives. Reality Labs, the Meta division that has been working on the Metaverse, has suffered losses…