at Meta, has now surpassed $40 billion and more financial pain is on the way. Yet, investors sent Meta's stock up 7% on Wednesday, after hearing Zuckerberg's explanation of why he continues to spend so heavily in a still largely unproven area.
"This is a very long-term bet," Zuckerberg said on a call with analysts."I can't guarantee you that I'm gonna be right about this bet. I do think that this is the direction that the world is going in." Zuckerberg went on to explain the various consumer tech trends he's noticed, leading him to believe that a more immersive version of the internet will become the norm in the years ahead.
"There are, you know, a billion or 2 billion people who have glasses today. I think in the future, they're all gonna be smart glasses and all the time that we spend on TVs and computers, I think that's gonna get more immersive and look something more like VR in the future," Zuckerberg said.
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Source: BusinessInsider - 🏆 729. / 51 Read more »