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Why Zuckerberg is finally ditching the $70B metaverse

Mark Zuckerberg spent years insisting the metaverse was the next chapter of the internet, but the bill for that bet has finally come due. After roughly $70 billion in cumulative losses tied to virtual ...
Mark Zuckerberg spent years trying to make the Metaverse happen, but now it has been replaced by AI and is headed to the tech industry idea graveyard.
Before generative AI shook everything up, the metaverse was the next big thing. Now, it's "AI and the metaverse." For those with short attention spans, a social media company named Facebook changed ...
There was a very interesting article in the Irish Times a couple of weeks ago concerning Mark Zuckerberg’s retreat from the metaverse after spending $70 billion over four years trying to turn his ...
This article originally appeared on Business Insider. The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died ...
Ian says the gap between Meta’s vision of its Metaverse and real life never closed. Now that gap is now forcing Meta to make ...
In the rapidly evolving landscape of technology, few concepts have captured the collective imagination as powerfully as the metaverse. This virtual universe, an extension of the Web3 framework, is ...
When Disney shut down its metaverse division on March 28, 2023, the end of the 50-person division was interpreted as doom for the metaverse, the over-hyped universe of virtual worlds that are all ...
Disney scrapped its fledgling metaverse unit as part of the company’s layoff plan, resulting in the unit’s entire staff — roughly 50 employees — losing their jobs. The shutdown is reportedly a ...
Unity Software is already generating positive free cash flow. Meta can easily afford to continue investing billions in its metaverse ecosystem. Coinbase could be a key beneficiary of the metaverse ...