Meta Platforms Inc. CEO Mark Zuckerberg said he remains optimistic about the future of the metaverse over a “five to 10 year horizon” despite widespread skepticism about his company’s foray into the technology, he said during the New York Times DealBook Summit on Wednesday.

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Fast facts

• “Skepticism doesn’t bother me too much,” Zuckerberg said, speaking virtually to event attendees. “We’ve had skeptics all along.”
• Zuckerberg said the division of the company responsible for building the metaverse and augmented and virtual reality headsets, Reality Labs, only accounts for about 20% of the company’s investment portfolio, as Meta remains a top priority…