How Meta Flunked Its First Year As A Metaverse Company

As Meta finishes its first full year as a “metaverse company,” the outlook isn't so rosy. The company has lost billions of dollars on Reality Labs, the division overseeing its metaverse work. Its stock has cratered. The company has, for the first time, shed thousands of jobs in mass layoffs. Even longtime shareholders are starting to do what was once unthinkable: question Zuckerberg’s vision for the future.

Read the full look-back on Meta's unimpressive first year as a metaverse company engadget.com/how-meta-flunked-its-first-year-as-a-metaverse-company-150049067.html

Subscribe: youtube.com/c/Engadget
Like on Facebook: facebook.com/engadget
Follow on Twitter: twitter.com/engadget
Follow on Instagram: instagram.com/engadget
Follow on TikTok: tiktok.com/@engadget

The Engadget Podcast: itunes.apple.com/us/podcast/the-engadget-podcast/id1142790530?mt=2
More about Engadget Audio: engadget.com/2019-08-01-engadget-podcasts.html

Read more: engadget.com

#engadget #technology #consumertech #gadgets #science #gear #tech #facebook #metaverse #markzuckerberg #meta #realitylabs