![]() ![]() Users of the Metaverse have complained of avatars floating around eerily with no legs - an issue Meta says it'll fix in the coming months. 'Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run,' Meta said last month. ![]() Those losses, Meta has said, will 'grow significantly year-over-year'. Meanwhile, Meta's Reality Labs business unit, which oversees its VR and AR activities, has already lost $9.4 billion so far in 2022, according to CNBC. The number at the time of writing is less than 200,000, still well below a revised goal of 280,000 by the end of 2022. The documents also revealed that the majority of those 200,000 users, don't come back after entering the system once with many complaining most of the areas are bereft of other users. However, the company's development of the Metaverse has been costly, and it has not been as popular as Zuckerberg had hoped.Īccording to documents seen by the Wall Street Journal, the company planned to hit 500,000 users of its virtual reality platform, Horizon Worlds, by the end of 2022. Meta has placed a big bet on its Metaverse being the next big frontier of the technology industry, with CEO Mark Zuckerberg (pictured left, and his avatar right) funnelling more than $36 billion into the project that many consider - so far at least - to be failing
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