Tuesday, November 29, 2022
 

Meta’s Metaverse Gets Mocked by Hundreds of People Online

  • Meta released its metaverse in Spain and France this week.
  • The CEO of Meta, Mark Zuckerberg, was mocked by hundreds online for the metaverse’s poor graphics.
  • Currently, Meta has racked up more than $16 billion in losses over the past 18 months.

Following a recent release of Meta’s metaverse, it seems that the company is lost in its vision of what 3D virtual worlds should look like in 2022.

Mark Zuckerberg, CEO of Meta, formerly known as Facebook,  was mocked by hundreds of people online after posting about the company’s release of its “Horizon Worlds” in Spain and France this week.

In the post, Zuckerberg’s avatar is seen standing in front of miniature models of the Eiffel Tower and the Tibidabo Cathedral on a bed of grass. The only problem is that the quality of the graphics in Meta’s metaverse looks as if they were rendered in the previous century.

This release in the two European countries on Monday follows years of development and more than $10 billion already pumped into the metaverse’s development to get it to its current state. Meta announced its game towards the end of September 2019, which is two years before the company changed its name and rebranded from Facebook.

Meta has been burning substantial cash reserves up until this point. Late last month, the company reported quarterly losses in the billions of dollars due to slumping sales stemming from Reality Labs, which is Meta’s metaverse unit.

As things stand, Reality has cost Meta more than $5 billion in missed sales for the second quarter of this year – adding more than $10 billion in losses to its previous yearly earnings. Its metaverse arm has now racked up more than $16 billion in losses over the past year and a half.

  • Meta released its metaverse in Spain and France this week.
  • The CEO of Meta, Mark Zuckerberg, was mocked by hundreds online for the metaverse’s poor graphics.
  • Currently, Meta has racked up more than $16 billion in losses over the past 18 months.

Following a recent release of Meta’s metaverse, it seems that the company is lost in its vision of what 3D virtual worlds should look like in 2022.

Mark Zuckerberg, CEO of Meta, formerly known as Facebook,  was mocked by hundreds of people online after posting about the company’s release of its “Horizon Worlds” in Spain and France this week.

In the post, Zuckerberg’s avatar is seen standing in front of miniature models of the Eiffel Tower and the Tibidabo Cathedral on a bed of grass. The only problem is that the quality of the graphics in Meta’s metaverse looks as if they were rendered in the previous century.

This release in the two European countries on Monday follows years of development and more than $10 billion already pumped into the metaverse’s development to get it to its current state. Meta announced its game towards the end of September 2019, which is two years before the company changed its name and rebranded from Facebook.

Meta has been burning substantial cash reserves up until this point. Late last month, the company reported quarterly losses in the billions of dollars due to slumping sales stemming from Reality Labs, which is Meta’s metaverse unit.

As things stand, Reality has cost Meta more than $5 billion in missed sales for the second quarter of this year – adding more than $10 billion in losses to its previous yearly earnings. Its metaverse arm has now racked up more than $16 billion in losses over the past year and a half.

 

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