Facebook’s founder and CEO introduced Wall Street to the “Metaverse” today, a sweeping reimaging of the company over time entailing massive annual investments.“It’s the future we are working towards.
A virtual environment where you can be present with people in a digital space. An embodied Internet that you are inside of,” he said during a conference call Wednesday following Facebook’s mixed second-quarter results.The company’s Oculus division is a pioneer in augmented and virtual reality headsets and content and it’s growing.
Zuckerberg mentioned the Metaverse this week, noting plans to hire a team to develop it. But today Zuckerberg took most of the call to describe VR as Facebook’s future, “the ultimate expression of social technology”
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