You have made Mark Zuckerberg defend himself to investors due to your memes
Image Credits: Facebook
At today's
earnings conference, Meta founder and CEO Mark Zuckerberg defended the
company's involvement in meta space. The company
lost over three billion in the Reality Labs
division this quarter, and the company's net profit suffered a significant blow.
After
rebranding the company from Facebook to Meta, the company of Zuckerberg has
received a lot of criticism for its plunge into the meta world. One of the
most shocking events occurred in August when Zuckerberg's chief executive posted a photo in the middle of a
metaverse Eiffel Tower to commemorate the VR social network Horizon Worlds'
expansion into France and Spain.
Image
Credits: Facebook
The
image was so awful that it was an Internet meme. He was forced to correct with
a new mock-up of what avatars would appear like shortly.
Mark
was able to take the criticism seriously and brought it up during the earnings
call today when an investor inquired whether Meta's progress thus far has met
the expectations of investors.
"I
recognize that sometimes when we ship our products, there's a fad where people
are saying, 'You're spending the money to make this thing that you're
producing,'" Zuckerberg said. "I find
that not the best approach to look at it."
He
added, "I think there's a variety of platforms and products we're
creating, on which we believe that we're doing pioneering work that could lead
to... launches of consumer-facing products and later mature products with
various cadences and at different times of time, over 5 to a decade."
A few
of these consumer goods comprise... legs.
He
said that he believes that Reality Labs teams are making excellent progress and
that there's no evidence to suggest that VR and AR will not become the norm
soon. But he altered how he described items like
Horizon Worlds by describing it as something Meta is developing openly and then
publicly reworking.
"There's
some way to be before it can become what we'd like the future," Zuckerberg
said about Horizon Worlds. "We believe we're doing innovative work;
however, we'll need to integrate it into the final product and keep developing
it."
Yet,
Zuckerberg continues to project faith that the billions Meta has pumped into VR
are a brilliant idea. "A majority of people may be opposed to
this investment," Zuckerberg said. "But
according to what I've seen, I believe this will be a critical decision, and I
believe it's an error to ignore each of these areas, which I believe are going
to be vital to the near future."
Zuckerberg
seems a little more human than usual when he explains that VR and AR offer considerable
opportunities to grow the technology sector. But his vision of the future, where we're always
wearing headsets, is somewhat difficult to accept. Quest 2 is quite a fantastic device
as the next headset designed for the consumer is
likely to be even more impressive. On Quest 2, you can play Quest 2, the most realistic game of
Ping-Pong, with your friends from all over the globe and converse
with them like they're sitting just next to you! However, do
we need to sit at your nine-to-five watching a massive
screen right in front of our eyes? Instead, would you spend time on
Horizon Worlds rather than grab IRL coffee with a pal? I don't think
so, at the very least.
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