The metaverse isn’t as prestigious as it once was, with many fans and users losing faith in this online platform. However, in order to up the and impress investors, CEO Mark Zuckerberg is expected to unveil a new VR headset for metaverse software.
Meta and Mark Zuckerberg need to impress investors
According to The Times, market expectations for the metaverse “are pretty muted at this point,” which has Mark Zuckerberg worried. While many investors are aware that this platform will take time, they’re wondering how Meta will keep these people interested.
“Last year when they were talking about the concept of Meta Platforms, one of the things that caught people’s attention was that [Meta sees] a billion users in the metaverse by the end of the decade,” said Scott Kessler, a technology analyst at Third Bridge. “To a lot of people that came off as uninspiring. A billion is a big number, but you’re basically suggesting it will take a decade to get there. What are people supposed to do over those 10 years?”
It’s clear that Zuckerberg and his team are going to have to really impress and keep the company’s investors happy. While we doubt that the company is going to get shut down, numerous projects could get delayed or even canceled.
Since these plans, Meta has lost billions to the development of The Metaverse. It was recently revealed that CEO Mark Zuckerberg has lost half of his wealth since development started. How long will this continue?
Hopes for the metaverse
Despite a lot of negativity surrounding the metaverse and Mark Zuckerberg, there are some investors with hopes for the platform. Granted, it seems that their patience is being tested by all of these setbacks but there is hope for Zuckerberg.
“I’m most keen to hear about Meta’s plans for a web-based and launched version of Horizon Worlds, which would expand the platform from tens of millions of users to billions, but [also] involve many technical concessions and alterations, while also improving economics,” said Matthew Ball, a venture capitalist. “It’s not clear whether this will be featured.”