{"id":20605,"date":"2023-08-03T14:32:33","date_gmt":"2023-08-03T14:32:33","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/web3-gamer-zuckerbergs-metaverse-losses-nft-game-on-discord-gods-unchained-hot-take\/"},"modified":"2023-08-03T14:32:39","modified_gmt":"2023-08-03T14:32:39","slug":"web3-gamer-zuckerbergs-metaverse-losses-nft-game-on-discord-gods-unchained-hot-take","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/web3-gamer-zuckerbergs-metaverse-losses-nft-game-on-discord-gods-unchained-hot-take\/","title":{"rendered":"Web3 Gamer: Zuckerberg\u2019s metaverse losses, NFT game on Discord, Gods Unchained hot take"},"content":{"rendered":"
Let\u2019s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs.\u00a0<\/p>\n
However, its investments have yet to pay off, with the metaverse company reporting collective losses of over $40 billion.\u00a0<\/p>\n
Despite the losses, investors are optimistic about Meta CEO Mark Zuckerberg\u2019s long-term bet on the metaverse, sending the stock up 7% after hearing Zuckerberg\u2019s reasoning on the Meta Q2 2023 Earnings call.<\/p>\n