The metaverse generates multimillion-dollar losses: Mark Zuckerberg asks to trust and wait for 2030

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The metaverse generates multimillion-dollar losses: Mark Zuckerberg asks to trust and wait for 2030

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The CEO of Meta (formerly Facebook) spoke about his most ambitious project. Photo: AFP

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The virtual reality division of the company Meta manages the development of metaverse, the new virtual world where Mark Zuckerberg’s hopes are high. So far, however, all is a disadvantage: specifically, $ 2.96 billion in the last trimester only.

According to the portal TheVerge, this speed of spending has caused alarms in the US technology company. This is why the CEO of Meta decided to slow down “the speed of some investments” of this project for years to come.

Meta -current owner of WhatsApp, Facebook and Instagram- now earned the first quarter of 2022 revenue of 7,500 million dollars in the first quarter, 21% less than the first quarter of last year.

After several complicated months -Facebook experienced for the first time in its history the loss of users– Meta increases the number of users on its social networks, 6% compared to 2021.

Despite the costs, Zuckerberg continues to focus all his attention on the future of the metaverse.

Mark Zuckerberg is confident in the metaverse, but the losses he has brought so far have nearly reached 3,000 million dollars.  Photo: AP

Mark Zuckerberg is confident in the metaverse, but the losses he has brought so far have nearly reached 3,000 million dollars. Photo: AP

For the CEO, the fictional universe will mean everything a revolution in the way we relate. Social interaction through software in cyberspace is something that has always caught the attention of the executive and now his company is immersed in the development and democratization of the new world.

The point is that this virtual reality – where Zuckerberg makes sure you can interact with friends, go to concerts and even play sports – seems far from its final development. The CEO is very clear that the metaverse is a project for the future and for now it will continue to cause losses.

More projects around the metaverse

Horizon Worlds, the virtual reality video game promoted by Mark Zuckerberg.

Horizon Worlds, the virtual reality video game promoted by Mark Zuckerberg.

The video game of Meta Horizon Worlds -made for users who begin to become familiar with virtual reality- is currently developing a web version to increase the number of its users. The company wants to bring the game to web browsers, smartphones and consoles, without having to buy a Meta Quest virtual reality headset.

Another project that Meta is doing is the development of Cambria Project, a new high-end mixed reality headset. “Later this year, we will launch a high-end lens [que el Oculus Quest 2]codenamed Project Cambria, which will focus more on work use cases and eventually replace your laptop or work setup, ”Zuckerberg said.

A render of the Project Cambria helmet, what will come to Meta in virtual reality.

A render of the Project Cambria helmet, what will come to Meta in virtual reality.

“This premium device will have enhanced ergonomics and full color pass-through mixed reality to seamlessly blend virtual reality with the physical world,” he continues.

“We’re also adding eye tracking and face tracking so your avatar can make eye contact and facial expressions, which dramatically improves your sense of presence.”

All these advances indicate that Meta is already directing all its actions to the ultimate goal, which is the creation of the new virtual world, the metaverse.

With information from La Vanguardia.

SL

Source: Clarin

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