HARSH REALITY: The company's transition to the metaverse is struggling to gain traction, internal documents show.
FOX Business’ Stuart Varney argues Facebook CEO Mark Zuckerberg is running his company ‘into the ditch’ after the value of his business dropped by $251 billion.rebranded his company as Meta Platforms Inc. and shifted its focus to the metaverse, the transition is struggling to gain traction, internal documents show.
Horizon Worlds, a free virtual reality online video game created by Meta Platforms Inc., has failed to meet internal performance expectations,Internal documents obtained by the outlet show that Meta set a 500.000 monthly active users goal by the end of this year, and although Zuckerberg said the transition to the metaverse would take the company years to fully achieve, the company revised the projection to 280,000.
The documents show that most Horizon users typically stop using the app after the first month and that the user base has been consistently declining since the spring. Meta’s popular social media products, including Facebook and Instagram, serve more than 3.5 billion average monthly customers compared to Horizon’s current numbers, which are equivalent to less than the population of
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