While Mark Zuckerberg has no problem pouring a massive amount of money into realizing his vision of a virtual future, his employees are predicting the apocalypse. According to Business Insider some of them expressed their displeasure and predicted that the metaverse would die a slow death.
More than forty employees of Meta have published their opinion in teamblind.com a community where professionals anonymously discuss what’s happening in the sector. One of the most surprising is that of a senior software developer who mentioned that Mark Zuckerberg will kill the company if he continues to insist on developing the metaverse.
The Metaverse will be our slow death. Mark Zuckerberg will single-handedly kill the metaverse company.
Meta Developer at Blind
Another developer said that while Meta is a great company, Zucks is taking it in a different direction. ” I thought it was a data-driven company, but it’s actually based on a human’s instincts and emotions. No one can change his decision“, he declared. The criticism of the company and Metaverse comes after what is considered the biggest wave of layoffs in Meta history.
The Metaverse is a disaster
It caused some of my colleagues to lose their jobs.
This allows us to largely ignore ad losses due to Apple’s privacy changes (and hopefully Android will implement something similar).
All the leaders want to do is follow a chimera for the metaverse, which is poorly executed (from the bottom up) and with no real direction.
Mark has to go. The vision of the metaverse needs to have a better pace, or in my opinion many of us will be out of a job in the near future.
Meta Developer at Blind
Although the exact figure of what Mark Zuckerberg has invested in the metaverse is not public, some analysts believe that it is very high. The meta is said to have spent over $15 billion since development began in 2021. The results so far have been disappointing to some, who feel the legged avatars aren’t worth the expense.
Dan Ives, an analyst at Wedbush Securities, said mentioned that the money that Meta has spent is worrying. The company not only has to face this situation, but also the lack of transparency towards its investors. Mr. Ives sees Metaverse as a gamble by Zuckerberg and his team, who continue to face major obstacles in their core business.
Mark Zgutowicz, an analyst at Benchmark, goes further to assert that there is no such thing as a metaverse. ” There is no real metaverse, at least from an evolutionary perspective, until we can all wear glasses that don’t make us look like aliens or whatever.“, he declared. The expert estimates that 60% of the money that Reality Labs has lost is due to the high cost of research and development involved in building a new universe.
Mark Zuckerberg is confident in his vision for the future
Despite millions in losses and layoffs, Mark Zuckerberg is convinced that the company is moving in the right direction. The CEO of Meta, who has already lost 70% of his fortune last year, said his company is among the most profitable and has great potential ahead.
We are at the forefront of developing the technology that will define the future of social connectivity and the next computing platform. We are doing important historical work.
Mark Zuckerberg, CEO of Meta
It is too early to draw conclusions about the Metaverse, as everyone has a different view of it. Meta’s platform is under construction and bets on a future where we all wear headphones to work or go out. Consider it a ” slow death at this point it is somewhat fatalistic; remember that Meta has three of the most used platforms in the world (Facebook, WhatsApp and Instagram).