Source: news.google.com
Meta’s problems arguably began when Mark Zuckerberg decided to invest heavily in the “Metaverse,” which is his idea of what the Internet will look like in the future. The metaverse is centered around virtual reality, and if the Facebook founder’s plans are realized, people will use it to work, socialize and play. However, Reality Labs, which is the Meta department that is developing the “Metaverse”, is losing billions of dollars every year. There is also a suggestion that Zuckerberg is pulling resources and personnel from the most profitable departments in Meta and focusing them on his Metaverse project.
While it’s pretty obvious that Zuckerberg believes the Metaverse is the future, not everyone is so excited. Facebook shares have tanked over the past year, with many highlighting…
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