Mark Zuckerberg urged to spend less on metaverse after suffering ‘supersized and terrifying losses’

Facebook’s parent company is under growing pressure to focus less on the metaverse – as investors warn it is an experimental bet causing “supersized and terrifying losses”.

The tech giant changed its name to Meta last year under plans to build a virtual world that would be used by millions of people.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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