Mark Zuckerberg’s Metaverse ‘Doomed,’ Says a Big Rival

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The Street

By Luc Olinga Facebook has already lost $16 billion related to the metaverse, which is bad for the whole industry. The metaverse — at least as Mark Zuckerberg as perceived and is developing it — has become a laughingstock. This immersive virtual world, in which we are to interact through avatars, has been almost given up for dead due to the difficulties of Facebook, known since last October as Meta Platforms (META) – Get Meta Platforms Inc. Report. Chief Executive Mark Zuckerberg has made the metaverse the next big thing in his social-media empire. A year in, these efforts have already cost …

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