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Metahas gone all - in on the metaverse , but has the investment pay up off ? Facebook has whole rebranded to reflect its intention ofbecoming a virtual and augmented reality company . Beyond the visual changes , Meta has pullulate billions into its virtual and augmented realness division to beef up the metaverse . Meta ’s bet put more than just the company ’s industry standing and overall brand image on the argumentation . The caller , led by CEO Mark Zuckerburg , has place expectant investment into developing the metaverse . These projects are housed under the company ’s Reality Labs division , including Meta Quest headset .
concern : Eight Tech Companies That Have Big Plans For The Metaverse
According toBusiness Insider , the division has been unprofitable — cover a $ 3.7 billion operating exit and $ 285 million in tax revenue in its latest quarter . So , with these number in mind , it ’s light to question whether Meta ’s investment funds is deserving it . The fellowship has spent $ 36 billion on its Reality Labs sectionalization since 2019 , interpose a ton of upper-case letter into an already - unprofitable sector of Meta . At a 2022 group meeting with shareholders , Meta executives visualize that the company would continue to operate at a loss for three to five more years . It seems clear thatMeta ’s stake on the metaverse is unwise , even if it finally shape out . innovational Cartesian product typically require significant research and growing investments before they hit the market , but Meta ’s practical world offerings have been on shelves for a while now .
The Metaverse Isn’t Quite Ready For Market
garter of the metaverse might claim that the digital realness environment is different from other institution , cite the need to develop an on-line infrastructure before it can succeed over exploiter . However , the on-line edition of the metaverse is n’t the job — the hardware is . practical realness technical school has not advanced significantlyover the last decade , and computer ontogeny overall has stalled in recent year .
The times of mammoth year - over - year technology advancements have passed ( at least for now ) , and VR headsets today look and palpate similar to preceding generations . Meta ’s bet wo n’t pay off until virtual world equipment can contract to be more comfortable and less inept . Based on the charge per unit of practical reality advancements thus far , it does n’t look likeMetawill make its goal a realness anytime shortly .
Next : What you’re able to Do With Meta ’s Avatars start Later Next YearSource : Business Insider
