Facebook lost 3,6 billion with the metaverse in early 2023

2023

The company responsible for Facebook, Instagram and WhatsApp, Meta, remains determined to bet on the metaverse and not even the prospect of continuing to lose billions of euros seems to deter founder and CEO Mark Zuckerberg.

Zuckerberg revealed during the most recent presentation of the financial results of the Meta that, in the first three months of 2023, the company spent 4 billion dollars (3,6 billion euros) on projects related to the metaverse. Furthermore, Meta's leader assured that the future of technology will pass through this technology.

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“A narrative has been created that we are moving away from our vision of the metaverse. I wanted to say right away that this does not correspond to reality. We have been focused on both AI and the metaverse for several years now and will continue to be focused on both areas.”, said Zuckerberg according to the Business Insider.

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