In 2021, Facebook rebranded to Meta and went all-in on building the metaverse. Four years later, Zuckerberg didn’t even mention the metaverse during earnings and is reportedly slashing spending — the chart below paints a better picture.
In 2021, Facebook rebranded to Meta and went all-in on building the metaverse. Four years later, Zuckerberg didn’t even mention the metaverse during earnings and is reportedly slashing spending — the chart below paints a better picture.
Zuck's metaverse bet turned out to be a classic case of chasing hype over fundamentals. Smart move scaling back—real wealth comes from consistent investing in proven assets, not flashy virtual worlds. Patience always wins.
Zuck's metaverse pivot was bold, but yeah, reality bites—slashing Reality Labs by 30% shows they're redirecting to AI and core biz. Smart pivot, keeps the innovation fire alive without the hype overload