Meta Platforms Inc GOAL CEO mark zuckerberg he’s ready to put more of his chips into the fledgling metaverse despite his company’s CFO anticipating Reality Labs’ losses to grow “significantly year-over-year.”

What happened: Zuckerberg said on the company’s third-quarter earnings call that “internal indications that I’ve seen suggest that we’re doing a leading job and we’re on the right track with these investments, so I think we need to continue to invest heavily in these areas.” . “

See also: How to invest in the metaverse

The metaverse “is a huge undertaking and it will take a few versions of each product before they become mainstream,” said the Meta CEO. “I think our work here is going to be of historical importance.”

Zuckerberg made a similar decision…