What's Going on at Meta?
What Next | Daily News and Analysis
00:00
The Pivot to the Metaverse a Mistake
Zuckerberg bought a virtual reality studio that the FTC later challenged in court and lost. Zuckerberg said, at the time I bought the studio, which was during the pandemic, we were looking for ways to invest that money. That's not a project we would spin up now. And so it's fair to say that meta used the revenue it gained during the e-commerce boom,. During the pandemic and grew its employee ranks.
Play episode from 12:53
Transcript
