How Did the Metaverse Fail So Badly?

Summary by Krater

This video examines Meta's metaverse strategy, its financial losses, and the challenges faced by Horizon Worlds.

From the video

Answers: Why did Meta's metaverse strategy fail and result in massive losses?

• Metaverse financial losses
• Horizon Worlds active users
• Reality Labs spending
• Virtual real estate market collapse
• Meta pivot to AI

What it concludes

• Meta's metaverse strategy resulted in massive financial losses while failing to attract sustainable user engagement.
• The hype around the metaverse coincided with the 2021 peak in zero interest rates and speculative tech investment.
• Meta ultimately shifted its primary focus from the metaverse to AI-powered hardware and products.