Mark Zuckerberg's company Meta has lost nearly $50 billion on the metaverse, which is more than the worth of Ford, Hershey, or Kraft Heinz. Despite the losses, Meta's Reality Labs investments are essential for building billion-user platforms.
On this day in 2021 Mark Zuckerberg changed the name of his company from Facebook to Meta https://t.co/WpydThrodI
Mark Zuckerberg’s $46.5B loss on the metaverse is so huge it would be a Fortune 100 company https://t.co/vUwLSLJVat
[From May, RE: Google Search payments] Big Tech’s Biggest Bets (Or What It Takes to Build a Billion-User Platform) --- Meta’s Reality Labs losses may be eye-watering, but they aren’t rare and are increasingly essential to billion user platforms https://t.co/QXsjNrrbpn
Facebook $META makes a lot of money 👀 https://t.co/v1ZasX9w7D
Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz are worth https://t.co/9KqiwFHirB