Highlights
00:07: Meta has revealed its Q4 earnings results, and it’s not looking good for the company.
00:45: What does this mean for the Metaverse? When the company’s name changed from Facebook to Meta, Zuckerberg focused on the Reality Labs Division
01:06 Now, that area had $10 billion invested in 2021, which was lost.
01:23: In spite of things, Meta is committed to the Metaverse.
01:28: Let’s look at another company that tanked, stuck to their guns, and then exploded – Amazon. Like many dot-com companies, Amazon focused on brand recognition and less on income.
01:52: In my opinion, that’s exactly what Meta is doing now. They are laying the foundations for their space in the Metaverse. They’re looking at brand recognition, they’ve changed the name of their brand to Meta, and regardless of this loss of income, they’re still very much the central focus for many people when it comes to metaverse technology.
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