Why Meta is willing to lose billions on the metaverse
Facebook changed its name to Meta in October 2021 and CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and play accessible through a VR headset. Two months later the company launched its virtual universe, Horizon Worlds. Propelling the metaverse hype to an all-time high. But, as the rebranding to Meta approaches its third anniversary, the metaverse seems to be stalled out. So what happened to the metaverse?