Mark Zuckerberg Accepts Major Misstep Following $70 Billion Downturn
Meta CEO Mark Zuckerberg has acknowledged one of the company’s biggest strategic missteps after it lost over $70 billion on its metaverse ambitions. The admission comes as Meta begins a significant shift away from its costly virtual-reality vision and redirects investments toward more profitable technologies. The Costly Metaverse Experiment Meta’s losses stem primarily from Reality…