Zuckerberg’s plans to go down this road have the company’s investors jittery.
When Facebook rebranded to Meta last year, little did anybody know that the company would be spending billions on building its vision of the metaverse that would look uninspiring even a year later. Worse still, the company isn’t specifying exactly where it spent over $15 billion in 2022 alone, Business Insider.
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Yet nobody has spent money chasing the dream of a digital world like Zuckerberg’s Meta has. That comes at a time when the company’s premium product Facebook is seeing negative growth for the first time in its history, which is especially worrying for investors.
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