Zuckerberg says Metaverse will continue to lose money for another 5 years? Meta shareholders are getting nervous

Meta CEO Mark Zuckerberg revealed that the Metaverse project will continue to lose "substantial" millions of dollars in the next three to five years before it becomes profitable.

According to Bloomberg, at a meeting with shareholders, Zuckerberg said that hardware will enter the meta-era in the next few years, and the "digital economy" system will grow into a platform in the future, but it will take 10-15 years for these products to be available on the market.

Zuckerberg's firm bet on the Metaverse has raised concerns among investors. In a filing with the U.S. Securities and Exchange Commission (SEC), investors worried that the new platform would eventually become a utopian bubble, thereby affecting valuations and posing risks to their financial assets. Investors also demanded that Zuckerberg should disclose the profits or losses of the Metaverse project.

While Zuckerberg said the virtual world would require "new forms of government," he didn't go into too much detail about how the system would work, according to the SEC filing.

Uncertainty of investment and return

It is understood that Meta has invested a lot of money and resources in the Metaverse, but it still seems to have not really understood the potential risks and negative effects. In 2021 alone, Zuckerberg invested about $10 billion in the Metaverse. Investors said that if the potential risks of this platform are not properly analyzed, shareholders' finances may be affected.

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