Zuckerberg’s Metaverse Dream May Change the World. It May Also Kill His Company

“People will look back a decade from now and talk about the importance of the work being done here.” That was the rallying cry Metaverse overlord Mark Zuckerberg told investors at the tail end of <a href="https://investor.fb.com/investor-events/event-details/2022/Q3-2022-Earnings/default.aspx" rel="noopener ugc nofollow" target="_blank">Meta’s Q3 earnings call</a>, which delivered some staggering figures — most of which make bad reading. I’ve discussed at length the problems facing his Metaverse dream, but a quick recap: <ul> <li>a concept that lacks <a href="https://stephenmoore.medium.com/the-metaverses-biggest-problem-nobody-knows-what-it-means-19cdf9744d1f" rel="noopener">a definition</a> leaving the potential user base confused</li> <li>cumbersome entry-point devices that are expensive</li> <li><a href="https://stephenmoore.medium.com/the-reality-of-metas-metaverse-it-looks-really-really-bad-e444586db416" rel="noopener">subpar Wii avatars</a> roaming a world devoid of fun and any sort of realism</li> <li>a lack of legs (<a href="https://stephenmoore.medium.com/the-metaverse-finally-has-some-legs-to-stand-on-69f344b2bcbe" rel="noopener">at least for now</a>)</li> <li>employees being <a href="https://www.theverge.com/2022/10/6/23391895/meta-facebook-horizon-worlds-vr-social-network-too-buggy-leaked-memo" rel="noopener ugc nofollow" target="_blank">forced to use it</a></li> <li>and huge<a href="https://onezero.medium.com/i-want-no-part-of-our-impending-metaverse-future-459678bb3cc5" rel="noopener"> societal implications</a> that are difficult to comprehend.</li> </ul> But there are two other, far more pressing problems — money (billions and billions) and time frame (decade/s). And judging by the latest earnings report and the ensuing stock plummet, investors are losing confidence that his Metaverse gamble will pay off, faster than Zuck can spend a buck. <a href="https://stephenmoore.medium.com/zuckerbergs-metaverse-dream-may-change-the-world-it-may-also-kill-his-company-3a935bd21db9">Read More</a>