Why Facebook is Spending Billions on the Metaverse? Facebook will transform into a metaverse company in the next years
Mark Zuckerberg is on a VR spending spree. “I don’t know if folks realize. Facebook’s largest expenditure for multiple years now has been VR.” We don’t know exactly how much they are spending, but most people think it’s around $5 billion per year. And that’s after they spent $2 billion to buy Oculus in 2014. …