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RSS FeedsZuckerberg wasted billions on the Metaverse only to see users love Threads


7 july 2023 04:41:40

Zuckerberg wasted billions on the Metaverse only to see users love Threads

After lighting $40 billion on fire to build a `Metaverse` virtual reality world that nobody asked for or wants, Meta built a simple clone of Twitter at the right time and people actually like it.Over the past few years Meta, the parent company of Facebook and Instagram, plowed more than $39 billion into its Reality Labs division to build a `Metaverse` interactive virtual reality environment that has received universal derision and not yet launched. It also relatively capitalized on the chaos of Elon Musk`s ownership of Twitter and built a clone of the micro-blogging social network on top of their Instagram which it turns out that… everybody likes Threads. Go figure. Facebook founder and Meta CEO Mark Zuckerberg has been singularly focused for years on building the Metaverse, a fully interactive virtual reality environment that he touted as the next huge thing for Meta and the world. He justified the tens of billions of dollars of losses racked up by Reality Labs as an investment i...

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