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Meta's Metaverse Gamble: $58 Billion in Losses and Waning Public Interest
Meta's 2021 rebranding to focus on the metaverse, involving significant investment in VR and AR technologies like Horizon Worlds, resulted in lower-than-expected user adoption and $58 billion in operating losses since 2020, despite some success in AR.
Meta's Metaverse Gamble: $58 Billion in Losses and Waning Public Interest
Meta's 2021 rebranding to focus on the metaverse, involving significant investment in VR and AR technologies like Horizon Worlds, resulted in lower-than-expected user adoption and $58 billion in operating losses since 2020, despite some success in AR.
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