Metaplatforms GOAL has seen better days.

As the company swings back into defense mode in the face of a massive wave of layoffs, all eyes turn to the CEO. mark zuckerberg and their hopes of replicating FacebookWeb 2’s success in developing an early version of the metaverse.

Various issues, from technical to cultural, are still preventing Meta’s success in the metaverse and are causing quarterly losses for the tech giant.

Mark Zuckerberg and a dream of the metaverse

Meta started 2022 off on the wrong foot, as the world learned that the user base of Facebook, the company’s flagship product, dwindled for the first time in its 17-year history.

On Wednesday, Zuckerberg painedly announced that the company will lay off 11,000 employees, or about 13% of its 87,000-strong workforce.