Meta’s bid for the metaverse has cost the company billions, but is it moving forward with its plan, or is the technology not ready for market?

Goal He’s staked it all on the metaverse, but has it been worth the investment? Facebook has completely changed its name to reflect its intention to become a virtual and augmented reality company. Beyond the visual changes, Meta has poured billions into its virtual and augmented reality division to bolster the metaverse. Meta’s bet put at stake more than just the company’s position in the industry and the general image of the brand. The company, led by CEO Mark Zuckerburg, has invested heavily in developing the metaverse. These projects are hosted by the company’s Reality Labs division, including the Meta Quest headsets.