{"id":504967,"date":"2022-10-30T14:25:54","date_gmt":"2022-10-30T11:25:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-ceo-dissects-mark-zuckerbergs-intent-to-pump-10b-year-into-meta\/"},"modified":"2022-10-30T14:25:54","modified_gmt":"2022-10-30T11:25:54","slug":"ftx-ceo-dissects-mark-zuckerbergs-intent-to-pump-10b-year-into-meta","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-ceo-dissects-mark-zuckerbergs-intent-to-pump-10b-year-into-meta\/","title":{"rendered":"# FTX CEO dissects Mark Zuckerberg&#8217;s intent to pump $10B\/year into Meta"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b7301de231\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b7301de231\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-ceo-dissects-mark-zuckerbergs-intent-to-pump-10b-year-into-meta\/#%E2%80%9D_FTX_CEO_dissects_Mark_Zuckerbergs_intent_to_pump_10Byear_into_Meta_%E2%80%9C\" >&#8221; FTX CEO dissects Mark Zuckerberg&#8217;s intent to pump $10B\/year into Meta &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_CEO_dissects_Mark_Zuckerbergs_intent_to_pump_10Byear_into_Meta_%E2%80%9C\"><\/span>&#8221; FTX CEO dissects Mark Zuckerberg&#8217;s intent to pump $10B\/year into Meta &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4b69a2fe>Facebook\u2019s rebranding into Meta was Mark Zukerberg\u2019s latest attempt to retain dominance in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> world of Web3, specifically, the Metaverse. On the occasion of Meta completing one year on the rebrand, Sam Bankman-Fried (SBF), the CEO of the crypto exchange FTX, shared his thoughts on the rebranding and what it means for the future of Meta.<\/p>\n<p>Zuckerberg\u2019s $100 billion Metaverse experiment first raised eyebrows when the CEO released the avatar for Meta\u2019s Horizon Worlds VR platform. Subsequent releases of the Zuckerberg avatar fell prey to internet memes, although each new iteration seemed visually better than its predecessor.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/25332277-cb21-41e8-9e8e-75b1317c6a62.jpg\"><\/figure>\n<p>According to Bankman-Fried, Facebook\u2019s growth was not impacted by newer rivals such as TikTok. Rather, he argued that the company \u201cstopped growing because, well, there was no more room to grow.\u201d<\/p>\n<p>SBF suspected that rebranding to Meta was a way for Facebook to improve its reputation through distraction. Moreover, the move would strengthen Meta\u2019s narrative for generating high income upon its success.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/2f4a1d71-f8e2-45a7-a238-a2418b538802.png\"><\/figure>\n<p>However, SBF highlighted \u201cthe vague Meta guidance\u201d and how the investors have decided to spend $10 billion per year in the Metaverse. The intent to infuse $10 billion yearly strengthens Zuckerberg\u2019s position as a believer in the Metaverse. <\/p>\n<p>On an end note, SBF reiterated that Facebook had already won by becoming the largest social media network. \u201cSo what&#8217;s next? Start building Social Media 3.0,\u201d concluded SBF.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Facebook is on a quest to destroy the Metaverse and Web3<\/em><\/strong><\/p>\n<p>The city of Toda, Saitama, adopted a\u00a0metaverse-schooling service to curb the rising absenteeism across Japan, allowing students to explore the campus and study in virtual classrooms.\u00a0\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-ceo-dissects-mark-zuckerberg-s-intent-to-pump-10b-year-into-meta\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX CEO dissects Mark Zuckerberg&#8217;s intent to pump $10B\/year into Meta &#8220; Facebook\u2019s rebranding into Meta was Mark Zukerberg\u2019s latest attempt to retain dominance in the social media world of Web3, specifically, the Metaverse. On the occasion of Meta completing one year on the rebrand, Sam Bankman-Fried (SBF), the CEO of the crypto exchange&#8230;<\/p>\n","protected":false},"author":1,"featured_media":504968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvZGRjMjE5NzktY2Q4YS00ZTk3LTgxZmEtNzkzNzljNzg0MjNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[127241,122306,91498,89897,74355,117,4974,5077,17813],"class_list":["post-504967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx-token","tag-meta","tag-metaverse","tag-sam-bankman-fried","tag-adoption","tag-business","tag-facebook","tag-mark-zuckerberg","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/504967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=504967"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/504967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/504968"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=504967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=504967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=504967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}