Zuckerberg admits the Metaverse will make him lose money – what exactly happened, all you need to know

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Equipment such as helmets or glasses will allow you to mix the real world with the synthetic, participate in virtual meetings with avatars or enjoy movies, games and concerts with people from all over the world.

Mark Zuckerberg and his avatar.
Mark Zuckerberg and his avatar.Facebook
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Mark Zuckerberg is willing to bet it all on the metaverse, the idea that the future of the internet will be built around Augmented or Virtual Reality Experience, So much so that his company is no longer called Facebook but Meta.

But there is still a long way to go to reach that moment and in the meantime Meta will have to tighten up its girth. Zuckerberg admits for the first time that the company will lose a “significant amount of money” in the coming days four or five years, Part of the loss will come from its hardware division. Zuckerberg is creating a whole new line of virtual reality headsets and augmented reality glasses with which to experience the metaverse. These helmets will allow you to mix the real world with the synthetic, participate in virtual meetings with avatars or enjoy movies, games and concerts with people from all over the world.

But at the moment the technology to make such a device is expensive. If the price of the devices is high, adoption is unlikely to grow rapidly. Like any social network, the usefulness of the metaverse depends on the number of people and activities that can be performed in it, therefore The key to accelerating adoption in order to make the product profitable.

At the company’s annual meeting with investors, Zuckerberg said that to achieve this, the devices will probably be sold first. less than cost price And many tools to create these virtual worlds will be free. “To ensure the growth of the digital economy, we want to make hardware as affordable as possible for everyone,” Zuckerberg said.

Although Meta is expected to benefit from selling virtual goods And in these new experiences advertising business, income will not be significant unless a large number of users use them on a daily basis.

Until then, Zuckerberg plans to continue to make your traditional social network profitable, Like Instagram, Facebook or WhatsApp, with new functions and services.

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