Sources: Meta cancels all projects regarding Metaverse

Sources: Meta cancels all projects regarding Metaverse

Just a number of months in the past, Mark Zuckerberg, CEO of Meta, was nonetheless so satisfied that the Metaverse could be the subsequent step for the Internet that the very thought justified the numerous billions of {dollars} the corporate had already invested in it, and promised to spend much more sooner or later.

But since then, the present scenario is perhaps fairly totally different. In an extended and complete article revealed in The Information, Meta seemingly has utterly deserted the time period “Metaverse” when presenting collaborations to potential companions. Among different issues, it states:

Meta is no longer talking about the metaverse in conversations with its advertisers, instead trying to get them to support its TikTok-like short videos and AI tools. This is in stark contrast to last year, when one out of every two words out of their mouths Zuckerberg’s idea was ‘metaverse‘, in what he hoped would be the future of the Internet.”

This can be in stark distinction to the near $4.3 billion spent on Reality Labs within the final quarter alone, and that the Metaverse was additionally the rationale they modified their identify to Meta.

Source: www.anews.com.tr