You really made Mark Zuckerberg defend himself against investors because of your meme • TechCrunch
During today’s quarterly earnings call, Meta founder and CEO Mark Zuckerberg was on the defensive when it came to the company’s investment in the metaverse. Again, the company lost more $3 billion dollars for its Reality Labs division this quarter and Meta’s net income hit a big hit.
Since rebranding from Facebook to Meta, Zuckerberg’s company has received a lot of trouble for being fully engaged in the metaverse. But perhaps one of the most brutal moments came in August, when the CEO post a selfie in front of the super upside down Eiffel Tower to celebrate the expansion of the VR Horizon Worlds social platform into France and Spain.
His selfies looked so bad that it became a meme, which he had to deal with by posting another mockup of what his avatars would look like in the future.
Apparently, Mark took these criticisms to heart, as he reiterated it again on today’s earnings call when an investor asked if Meta’s progress so far has lived up to expectations. his or not.
“I know sometimes when we ship products, there’s a meme where people say, ‘You’re spending all this money and you’re making this thing,’” Zuckerberg said. “I think that’s not really the right way to think about it.”
He continued, “I think there are a number of different products and platforms that we’re building where we think we’re doing the leading work of being… launching consumer products. and finally the products mature at different stages, different time periods of the next 5 to 10 years. “
Some of these consumer products include… foot.
He added that he thinks the Reality Labs team is making good progress, and there’s no indication that VR and AR won’t be the dominant technologies going forward. But he’s changed the way he describes products like Horizon Worlds, describing it as something Meta is building outdoors and iterating in public.
Zuckerberg said of Horizon Worlds: “Obviously there’s a long way to go before it becomes what we want it to be. “We think we’re doing some top-notch work there, but obviously we need to put that into the product and continue to innovate on that.”
Still, Zuckerberg continues to be confident that the billions of dollars that Meta is pumping into VR is a good idea. “Many people may disagree with this investment,” Zuckerberg said. “But from what I can tell, I think this is going to be a very important thing and I think it would be a mistake if we don’t focus on any of these areas, which I think is basically important. future.”
Zuckerberg seemed a little more human than usual as he pointed out that VR and AR are huge opportunities for growth in the tech industry. But Zuckerberg’s vision for metaverse – something we put on our headphones all the time – is still a bit hard to swallow. The Mission 2 It’s actually quite an interesting technology and the next consumer-grade headset will definitely be better. Already in Quest 2, you can play Extremely realistic Ping-Pong with friends from all over the world and talk to them as if they were standing right next to you! But do we really want to spend? nine to five with a giant screen right next to our eyeballs? Would we rather hang out in Horizon Worlds than have an IRL coffee with a friend? Not me, at least.