{"id":546630,"date":"2023-02-02T04:12:27","date_gmt":"2023-02-02T01:12:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback\/"},"modified":"2023-02-02T04:12:27","modified_gmt":"2023-02-02T01:12:27","slug":"meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback\/","title":{"rendered":"# Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a2739b68bb4a\" 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-6a2739b68bb4a\" 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\/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback\/#%E2%80%9D_Meta_CEO_Zuckerberg_steadfast_on_metaverse_plans_despite_137B_setback_%E2%80%9C\" >&#8221; Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Meta_CEO_Zuckerberg_steadfast_on_metaverse_plans_despite_137B_setback_%E2%80%9C\"><\/span>&#8221; Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Meta CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its\u00a0Reality Labs business peaking in 2022.<\/p>\n<p>Meta\u2019s Q4 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/s21.q4cdn.com\/399680738\/files\/doc_financials\/2022\/q4\/Meta-12.31.2022-Exhibit-99.1-FINAL.pdf\">earnings<\/a> released on Feb. 1 show Reality Labs lost $13.7 billion in 2022 \u2014 the largest ever yearly losses recorded for its metaverse-building\u00a0division.<\/p>\n<p>The fourth quarter was particularly costly, with the division losing nearly $4.3 billion, which was also the\u00a0largest quarterly loss within the department since financials for the business were first published.<\/p>\n<p>On a Feb. 1 earnings <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investor.fb.com\/investor-events\/event-details\/2023\/Q4-2022-Earnings\/default.aspx\">call<\/a>, Meta founder and CEO Mark Zuckerberg was steadfast in the company\u2019s metaverse strategy. Answering a question on the firm&#8217;s efficiency in how it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lies to Reality Labs he answered:<\/p>\n<blockquote><p>\u201cNone of the signals that I&#8217;ve seen so far suggest that we should shift the Reality Labs strategy long term.\u201d<\/p><\/blockquote>\n<p>He added that later in 2023 the company would launch another \u201cnext generation consumer headset\u201d following the October 2022 launch of its Quest Pro Virtual Reality (VR) headset.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d0ae8cb1-ddf0-4224-b24d-384c27963a86.jpg\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>The Meta Quest Pro (pictured) is the tech firm&#8217;s latest, and most expensive, VR headset offering. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.meta.com\/au\/quest\/quest-pro\/\">Meta<\/a><\/em><\/figcaption><\/figure>\n<p>Meta\u2019s chief financial officer, Susan Li, similarly doubled down on the Reality Labs business echoing Zuckerberg\u2019s statement from a Q3 earnings call that losses in the business would increase in 2023.<\/p>\n<blockquote><p>\u201cWe still expect our full-year Reality Labs losses to increase in 2023, and we&#8217;re gonna continue to invest meaningfully in this area given the significant long-term opportunities that we see.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Meta gets court win in metaverse acquisition plans: Report<\/em><\/strong><\/p>\n<p>Meta\u2019s overall revenue for the fourth quarter was $32.1 billion, reportedly beating Wall Street expectations.<\/p>\n<p>The better-than-expected revenue figures caused Meta\u2019s stock price to jump after the bell gaining nearly 19.5% in after-hours trading at the time of writing, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/au.finance.yahoo.com\/quote\/META?p=META&amp;.tsrc=fin-srch\">according<\/a> to Yahoo Finance.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/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\/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback &#8220; Meta CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its\u00a0Reality Labs business peaking in 2022. Meta\u2019s Q4 earnings released on Feb. 1 show Reality Labs lost $13.7 billion in 2022&#8230;<\/p>\n","protected":false},"author":1,"featured_media":546631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/10ea1ed2-742e-4f70-bcb1-6f16a743283a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[122306,91498,117,4974,70610,17813],"class_list":["post-546630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-meta","tag-metaverse","tag-business","tag-facebook","tag-finance","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546630","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=546630"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/546631"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=546630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=546630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=546630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}