Mark Zuckerberg's $80 Billion Metaverse Endeavor Officially Scrapped: 'Sometimes … We Get Things Wrong'

The collapse of Mark Zuckerberg's Metaverse is a small win, but we’ll take it

Before AI was the big tech inevitability that would proceed whether anyone wanted it or not, there was the Metaverse. The post The collapse of Mark Zuckerberg’s Metaverse is a small win, but we’ll take it appeared first on Crikey.

Mark Zuckerberg's $80 billion Metaverse endeavor officially scrapped: 'Sometimes … we get things wrong'

After years of hype and tens of billions of dollars in spending, Mark Zuckerberg's vision for the metaverse appears to be drawing to a close. Meta has scaled back its once-ambitious plans for a fully immersive virtual world, signaling a major shift in strategy, The New York Times reported. This week, the company announced it would stop adding new virtual reality experiences to its flagship platform, Horizon Worlds. While some features will remai…

Meta’s Metaverse: How an $80 billion vision collapsed in  5years

On October 28, 2021, Mark Zuckerberg walked onto a virtual stage and announced that Facebook was dead. In its place: Meta. The vision was audacious. “Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of […]