Facebook has bet its future on virtual reality and the metaverse, rebranding to Meta and spending billions a year to build hardware and software that extends beyond traditional social media. But the company has, at least so far, shared little with the public about how well its early bets are performing.
Meta’s highest-profile bet right now is a social VR platform for the Quest headset called Horizon Worlds. It was recently featured in Meta’s Super Bowl ad, and Zuckerberg called it “core to our metaverse vision” on the company’s most recent earnings call. During a virtual Meta all-hands earlier this week — yes, the Metamates one — the company’s chief product officer, Chris Cox, gave employees a previously unreported update on Horizon’s...
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