Meta, It also invests heavily in the augmented reality side. The company is among the names that know that the future is not only in VR. taking.
Mark Zuckerberg Meta, which entered our lives in the light of the “metaverse” future by Oculus, has focused more on VR, namely virtual reality, due to the foundation from the Oculus company. However, the company does not want to limit itself to VR infrastructure only. In this context, it is stated that large investments have been made in AR, that is, augmented reality. Making an up-to-date statement on the subject, the company stated that the operating expenses of Reality Labs, which is headline-focused, says about half of them go to the AR side. The company, which burns a lot of money in the case of Reality Labs, because it needs advanced titles for its metaverse plan, worries investors in this regard.
Meta posted a revenue of $27.7 billion and a net profit of $4.3 billion in the third quarter of 2022. A billion-dollar net profit in just three months is certainly not small, but the company has shared less net profit each quarter this year than last year. Meta, which shows the global economic conditions and inflation as the cause of the decrease in incomes, tries to show the loss of income to its investors positively through the large investments made on the metaverse side.
Many investors, on the other hand, think that too much money is spent on the metaverse, as we said above. Meta CEO Mark Zuckerberg believes the long-term return of the metaverse will be very high. However, at the moment, no one is affected much by the company’s steps on the metaverse. Even the company’s own employees do not spend much time in Horizon Worlds, the virtual world established by the company.
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Meta had recently lost an important name on the VR side. He is a respected figure in the world of games and technology with his work on Doom, Quake and especially virtual reality. John Carmack Meta, which was established last week as the umbrella company of WhatsApp, Instagram and Facebook. resigned. He has been working as a consultant at Meta since 2019. carmack, He did not leave the company silently.
Believing that you can do much better with the power in your hands carmack, He believes that the main problem with Meta is the efficiency problem. “We have enormous staff and resources, but we constantly sabotage ourselves and waste our efforts.‘ said the famous name, “There is no point in making a bad situation look good. I think our organization is only working at half the level of efficiency that would make me happy.”