Even at a loss, Zuckerberg 'puts his foot down' on the metaverse and guarantees investments in VR and AR

According to executives at the North American giant, spending on augmented virtual reality, and on the metaverse itself, is not over yet. A financial director stated: “We will continue to invest significantly in this area, given the significant long-term opportunities we see.”

A reality labs, Meta's virtual reality division, lost, in 2022 alone, 13,7 billions of dollars. Despite the recent 'crash' and market distrust, Zuckerberg stated that he continues to believe in the proposals. Now, with his feet on the ground, the CEO detailed how the company's investments will be spent. 

The Goal separated investments into three pillars:

• Augmented Reality
• Hardware
• Virtual Reality and metaverse software

During the meeting, Zuckerberg needled Wall Street buglers by saying that 2023 is “the year of efficiency”, and assured: “We will be more proactive in cutting products that are not working or that may no longer be crucial”. Li added that “it is a long-term investment, and our investments here are supported by the need to drive overall operating profit growth.”

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