The company has stated that in 2021 it will spend $10B for the metaverse, and that in next years that expense will be even larger.
Meta’s focus will be “metaverse-first”: that is, from now on, the main focus of the company will be building the metaverse. Even the Quarterly Earning Calls will separate the two categories, so we will have a better look on how XR is performing Meta’s products will be divided in two groups: the family of apps, that is the social media, which are the present of Meta and the future platforms, that is AR and VR, which will be the future of Meta. A new company called Meta will be created, and it will control all the products that before were under Facebook, that is: Facebook, Whatsapp, Instagram, Portal, Oculus, etc…. Then he has announced three pieces of news:
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