Zuckerberg: Will Invest Heavily In Metauniverse, But It Will Burn A Lot Of Money

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On May 27, Beijing time, Mark Zuckerberg, CEO of meta, Facebook's parent company, said he plans to invest heavily in the company's metacosmic ambition, which will mean that the company will lose "a lot" of money on the project in the next three to five years**

Answering a question about the return on investment at the company's annual general meeting on Wednesday, Zuckerberg said that as people gradually establish the business of selling virtual goods and services, the immersive digital world of metauniverse will eventually make money from the creator economy.

"We want to make hardware as affordable as possible for everyone and ensure the growth of the digital economy." Zuckerberg said. At the same time, meta also bet that the investment in reels short video service can bring revenue growth.

In 2021 alone, meta spent $10 billion to design its meta universe project. The company has 10000 employees engaged in Zuckerberg's vision and wants to hire another 10000 employees to participate in the project. However, due to the expected economic slowdown, meta frozen recruitment in early May, and these plans may be put on hold.

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