Zuckerberg Bet Big (and Maybe Got the Metaverse Very Wrong)

Mark Zuckerberg is beginning to see the light.

The meta platforms (META) The CEO has had a rough time since turning his attention to the Metaverse, a network of 3D virtual worlds.

He went so far as to change the name of his parent company from Facebook to Meta Platforms. He then bought the Oculus Quest VR headset, renamed it Meta Quest, and founded Reality Labs to work exclusively on all Metaverse-related projects.

But the metaverse has proven to be a costly endeavor so far.

Meta’s stock and market value have fallen, and Zuckerberg’s personal wealth has shrunk, from $125 billion in January to $49.1 billion at last check, ranked 23rd on the Bloomberg Billionaires Index.



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