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Zuckerberg’s Demise: Metaverse Overthrown by Microsoft & Disney

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virtual world metaverse that the founders of Facebook proclaimed, Mark Zuckerberg, it seems to wither before it develops. Despite not receiving much interest from the public, large companies are also starting to back away from developing the metaverse.

As quoted detikINET of Futurism, Friday (31/3/2023) Disney and Microsoft have removed divisions that played a role in the development of the metaverse. Disney closed its virtual worlds division and also laid off dozens of employees.

Meanwhile, Microsoft decided to close AltSpaceVR, the virtual reality platform it acquired in 2017. Some of its employees were also laid off. Disney and Microsoft’s action coincided with the announcement of efficiency and the layoffs of some of their employees.

“Many companies and businesses feel that they need to reduce headcount or overall expenses, in which category (metaverse) feels like an easy target,” said Scott Kessler, technology analyst at research firm Third Bridge Group.

Especially at this time, the technology that is being hit is AI or artificial intelligence and has proven to be loved. Meanwhile, according to Scott, no one knows when the metaverse will be used by many users.

Because of his intention, Mark Zuckerberg made Meta as his parent company, which oversees Facebook, Instagram, to Meta. Not only that, billions of dollars were poured out for the development of the metaverse. But indeed, the metaverse is not that popular, instead it makes Meta a big loss. Reality Projects, which manages the metaverse on Meta, recorded a loss of nearly USD 24 billion.

Lately, Mark Zuckerberg has also not discussed much metaverse. His attention seems to be turning to artificial intelligence, given the rise in popularity of platforms like ChatGPT. Meta also plans to make a competitor.

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(fyk/fay)

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