Source: news.google.com
It has been more than a year since the father of Facebook, Meta META,
started hyping the metaverse, but a lot of us are still scratching our heads about it.
Meta CEO Mark Zuckerberg did little to ease the confusion during last week’s third-quarter earnings call. When asked by an analyst about the metaverse revenue opportunity, the head of Meta gave an incoherent answer.
But the numbers are clear: Meta is pumping huge amounts of money into making the metaverse a reality. The company’s Reality Labs segment, which includes the metaverse, reported a third-quarter loss that widened to $3.672 billion from $2.631 billion in the same period last year.
Opinion: Facebook and Google became technological titans by ignoring Wall Street. Now…
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