Meta CEO Mark Zuckerberg announced in a statement to shareholders that the metaverse project will consume a ‘significant’ amount of money over the next 5 years. In addition to Zuckerberg, an important statement came from the company’s board of directors.
Introducing the metaverse prediction that will lead to the start of a new trend all over the world in October 2021, Facebook also changed its name and determined a new name as Meta. Since then, the company continues to make regular statements about the metaverse and share its plans.
In this context, a new statement came from Meta CEO Mark Zuckerberg. According to details shared by Bloomberg, Zuckerberg announced at his last meeting with shareholders that the company’s metaverse project will consume a ‘significant’ amount of money over the next five years.
The hardware is aimed to be cheap enough to be accessible to everyone:
Attending this year’s leg of the annual investor meeting, Zuckerberg told investors, “We want to ensure that hardware is as affordable as possible for everyone and that the digital economy grows.” he declared. While the highlights of Zuckerberg’s statements ended here, a vital opinion came from the company’s board of directors.
In the document submitted to the SEC, Meta’s Board of Directors shared that many of the “embodied internet” products within the scope of the company’s metaverse project are unlikely to be realized in the next 10 to 15 years. These statements and Zuckerberg’s statement, which was a warning to investors, showed that a large part of Meta’s money would go to the future of the metaverse. The company seems to even risk making a loss for it.