Your memes made Mark Zuckerberg defend himself to investors • TechCrunch

Your memes made Mark Zuckerberg defend himself to investors • TechCrunch

In 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. The company again suffered excess losses 3 billion dollars This quarter saw its Reality Labs division and Meta’s net income take a big hit.

Since rebranding from Facebook to Meta, Zuckerberg’s company has come under a lot of criticism for completely diving into the metaverse. But perhaps one of the most brutal moments was when he became CEO in August posted a selfie Metaverse in front of the Eiffel Tower to celebrate the expansion of social VR platform Horizon Worlds to France and Spain.

Avatar of Mark Zuckerberg

Image credits: Facebook

Her selfie looked so bad that it became a meme, she had to solve it by posting another mockup of what avatars would look like in the future.

Mark took the criticism to heart, as he brought it up again on today’s earnings call when asked if investor Meta’s performance so far has lived up to his expectations.

“I know that sometimes when we ship products, people say, ‘You’re spending all this money and doing this thing,'” Zuckerberg said. “I don’t think that’s the right way to think about it.”

He continued, “I think there are different products and platforms that we’re building that we think we’re leading the way in… to launch consumer products and then evolve into mature products at different stages, different time periods. the next five to 10 years.”

Some of these consumer products include… legs.

He added that he thinks the Reality Labs teams are making good progress, and there’s no indication that VR and AR won’t be dominant technologies in the future. But it has changed the way it describes products like Horizon Worlds, which Meta has described as something it openly creates and repeats publicly.

“Obviously, it has a long way to go before it’s what we’re aiming for,” Zuckerberg said of Horizon Worlds. “We think we’re doing some leading work here, but we have to put it into the product and continue to innovate.”

Still, Zuckerberg continues to project confidence that the billions of dollars Meta is pouring into VR is a good idea. “Many people may disagree with this investment,” Zuckerberg said. “But what I can say is that I think it’s going to be a very important thing, and I think it would be a mistake not to focus on any of those areas. future”.

Zuckerberg seems a little more human than usual when he points out that VR and AR are huge opportunities for growth in the tech industry. But Zuckerberg’s vision for the metaverse — one that we’re always glued to our headsets — becomes hard to swallow. The Quest 2 is actually a very cool piece of technology, and the next consumer headset It’s sure to be even better. Playable in Quest 2 very realistic Ping Pong Talk to your friends from all over the world and talk to them as if they were right next to you! But we really want to spend nine to five with a screen facing our eyeballs? Would we rather hang out at Horizon Worlds than grab coffee IRL with a friend? Not me, at least.

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