Meta will grow to billions of people spending hundreds, Zuckerberg says
Meta CEO Mark Zuckerberg recently Said CNBC He wanted Meta to reach billions of people, each spending hundreds of dollars to express themselves and decorate their surroundings.
He said:
“We basically want about a billion people in the Metaverse to do hundreds of dollars in commerce, each buying digital goods, digital content, and different ways of expressing it. Whether it’s clothing for avatars, a variety of digital products for virtual homes, or decorating virtual conference rooms, virtual and augmented reality, and utilities to be more productive across the Metaverse. “
Unlike other social platforms of the company like Facebook and Instagram, Meta can provide a presence and a sense of unity, Zuckerberg says. Participants can make eye contact, which is difficult to achieve with video calls and voice chat.
All these adjustments come together to provide a realistic experience of being. According to Zuckerberg, enhancing these experiences and developing Meta more immersively will be the company’s main goals for the next decade.
Zuckerberg is optimistic
Meta Admitted To have financial difficulties earlier this month. The company’s CFO, David Wehner, explained that costs need to be reduced to $ 87 billion and $ 92 billion this year. Meta costs from 2021 were between $ 90 billion and $ 95 billion. The company said it would slow down hiring, among other cost cuts, in order to cut costs.
A few days after this announcement, the Difinity Foundation, a public blockchain network host, sued Meta for using the Difinity logo. The Foundation has stated that Meta’s use of the logo could harm its reputation.
Despite these challenges, Zuckerberg is very optimistic about the growth of meta. He said the Metaverse industry is slowly emerging and Meta is already on track.
He said:
“I’m really happy with how it’s gone. That exceeded my expectations. But just because it takes time to reach the Metaverse, hundreds of millions of people in the Metaverse, and even more. I think it will take some time before we reach the scale of billions of people.
That is the North Star. I think you’ll get there. But as you know, the other services we run are already rather large today. “
Action steps in the near future
Zuckerberg acknowledged that the company needs to release a stack of hardware and software in order to grow into a billion-dollar platform.
To that end, despite the company’s financial problems, Zuckerberg said Meta will soon make important and long-term research investments. The research focuses on developing the tools needed to support the growth of meta.
The company has already taken concrete steps towards their vision. On May 10, 2022, the company announced plans to launch a payment platform by filing a trademark application for “MetaPay.”
