Mark Zuckerberg reveals HUGE flaw in metaverse plans – despite spending $10billion last year

[ad_1]

MARK Zuckerberg has revealed a big financial flaw in his metaverse project plans.

The billionaire and Meta, formerly Facebook, CEO made the revelation at the company’s annual meeting.

The metaverse probably won't be making Zuckerberg money for a very long time

2

The metaverse probably won’t be making Zuckerberg money for a very long timeCredit: Reuters
Zuckerberg thinks humans will spend a lot of their time in the metaverse one day

2

Zuckerberg thinks humans will spend a lot of their time in the metaverse one dayCredit: Getty

Zuckerberg said his metaverse project will lose a “significant” amount of money for the next three to five years.

According to Bloomberg, he told shareholders: “We want to get the hardware to be as affordable as possible for everyone, and make sure the digital economy grows.”

This means the CEO plans to throw a lot of money at the metaverse without getting much back at first.

He thinks a lot of people will eventually be immersed in his virtual world within the next 10 to 15 years, where they will start spending money and living their everyday lives.

Female avatar was sexually assaulted in Mark Zuckerberg's Horizon metaverse
Eagle-eyed sleuths spot 'sweaty Zuckerberg' dancing at 'party' 13 years ago

The Facebook founder spent around $10billion (£8billion) on his metaverse project in 2021 and plans to continue developing it.

Zuckerberg also revealed that some of the metaverse products wouldn’t be ready for the next 15 years.

He made the comments in response to a shareholder’s question regarding the return on investments.

Zuckerberg also wants to spend money hiring 10,000 more people to work on his metaverse world.

He already has about 10,000 working on the project.

One Meta shareholder called for a report into Zuckerberg’s metaverse plans to see if they were “prudent and appropriate.”

Facebook employees recently told Business Insider that Zuckerberg is focused on little else but the metaverse.

The Facebook founder has big plans for the metaverse and wants it to be so good you won’t want to leave.

Zuckerberg recently told tech podcaster Lex Fridman: “A lot of people think that the metaverse is about a place, but one definition of this is it’s about a time when basically immersive digital worlds become the primary way that we live our lives and spend our time.”

He added: “I think that’s a reasonable construct.”

Texas shooter's haunting last conversation with mom & odd 18th gift revealed
Little People's Zach & Tori Roloff reveal if newborn son Josiah has dwarfism

In Zuckerberg’s metaverse, humans are represented by legless avatars.

The billionaire has demonstrated how individuals could create their own worlds from a completely blank canvas.

We pay for your stories!

Do you have a story for The US Sun team?



[ad_2]

You May Also Like

Huge Call of Duty leak reveals maps for Modern Warfare 2 and COD 2024

[ad_1] CALL of Duty fans have been given a huge glimpse at…

You’re using your toaster WRONG – four most common mistakes revealed

[ad_1] TOAST is a quick breakfast staple but many of us could…

Sony had to make a PC gaming monitor because the PS5 isn’t enough

[ad_1] It’s no mystery why Sony made a PC gaming monitor that…

Can you solve ’10 pencil’ riddle in 10 seconds? Your ‘brain type’ may explain it

[ad_1] A VISUAL riddle could tell you if you’re left or right-brained…

NASA is having a hard time communicating with its new tiny lunar spacecraft

[ad_1] NASA is having trouble establishing contact with its new CAPSTONE spacecraft,…

Amazon is using electric cargo bikes that look like mini-trucks to make deliveries in the UK

[ad_1] Amazon has launched its first “micromobility hub” in the UK with…

Minecraft adds tribute to Technoblade after streamer’s death

[ad_1] Minecraft has been updated with a tribute to the popular streamer…

Microsoft’s new Outlook Lite for Android app is coming this month

[ad_1] Microsoft is working on a smaller and faster Outlook Lite app…