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Why Meta Is (and Is not) Driving the Metaverse Conversation

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Why Meta Is (and Is not) Driving the Metaverse Conversation

Source: news.google.com

An image of the Meta logo

An image of the Meta logo

In October 2021, Mark Zuckerberg announced that his company, Facebook, which owns and operates the world’s largest social networks, would shift its focus from the two-dimensional social media business to the “metaverse” and spend $10 billion per year to go there. . Since then, the journey has been a rocky one for the newly renamed Meta. The turn to a VR-first business has proven costly. Users aren’t embracing the $1,500 Oculus Quest or the company’s other devices at the same rate as Facebook and Instagram. They’re busy mocking Horizon Worlds, Meta’s flagship metaverse game, for looking like a Second Life pirate. Meta stepped on her own fair share of rakes; for example, he released Horizon Worlds in Spain without translating…

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