Just How Deep Is Mark Zuckerberg’s Metaverse Money Pit?
The company has lost $21 billion creating its virtual reality experience since the start of 2022. It’s only a matter of time before investors start demanding answers.
The metaverse is expensive.
Photographer: Kirill Kudryavtsev/AFP via Getty Images
When it comes to measuring the progress of Mark Zuckerberg’s metaverse, big numbers have been in short supply. Only 20 million of his Quest virtual reality headsets have sold since 2019. Only 200,000 users are reportedly active in Meta Platform Inc.’s flagship virtual reality experience, Horizon Worlds. Oh, actually, there is one big number: $21 billion lost on creating the Metaverse since the start of 2022.
All this prompts an obvious question: Just how much money is Zuckerberg prepared to spend to make his Metaverse successful?