If Facebook, with all this budget and materials, has not yet been able to build a good metaverse model, then what about these coins that are trying to scam investors with 100k ICO, Bounty, .....
this industry and Web V3 is for multi billion companies more than something small businesses can build.
Topic: Meta has burned $15 billion trying to build the metaverse - page 4. (Read 539 times)
Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went
I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.
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Meta has spent more than $15 billion on its Reality Labs metaverse venture since the beginning of last year, but so far, the company hasn't shared on what, precisely, money is being spent.
Some experts are getting worried the company is spending good money after bad.
"The problem is that they spend the money, but the transparency with investors has been a disaster," Dan Ives, a tech analyst at Wedbush Securities, said.
"This continues to be a risky bet by Zuckerberg and the team because, for now, they're betting money on the future while they continue to have massive headwinds on their core business," he added.
Some experts are getting worried the company is spending good money after bad.
"The problem is that they spend the money, but the transparency with investors has been a disaster," Dan Ives, a tech analyst at Wedbush Securities, said.
"This continues to be a risky bet by Zuckerberg and the team because, for now, they're betting money on the future while they continue to have massive headwinds on their core business," he added.
I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.
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