While Mark Zuckerberg has no problem pouring huge amounts of money into realizing his vision of a virtual future, his employees are anticipating the apocalypse. According to Business Insider, some of them expressed their disappointment and predicted that the metaverse would slowly die.
More than forty Meta workers have posted their opinion on Teamblind.com, a community where professionals anonymously discuss what’s happening in the industry. One of the more startling is from a senior software developer, who has claimed that Mark Zuckerberg will kill the company if he persists in developing the metaverse.
The Metaverse will be our slow death. Mark Zuckerberg will kill a company alone with the metaverse.
Meta developer at Blind
Another developer said that while Meta is a great company, Zucks is taking it in another direction. ” I thought it was a data-driven company, but it’s actually based on a man’s instincts and emotions. No one can change their decision“he said. The criticism of the company and the Metaverse comes after what is considered the largest wave of layoffs in Meta’s history.
The metaverse is a mess
It caused several of my colleagues to lose their jobs.
This largely causes us to ignore the ad leaks due to Apple’s privacy changes (and hopefully Android implements something similar).
All the leaders want to do is follow a chimera to the metaverse, which is poorly executed (bottom up) and without any real direction.
Mark has to go. The metaverse viewing needs to be paced better, or in my opinion many of us will be out of work in the near future.
Meta developer at Blind
While the exact figure of what Mark Zuckerberg has invested in the metaverse is not public, some analysts believe it is too high. Meta has reportedly spent more than $15 billion since development began in 2021. The results so far have been disappointing to some, who feel avatars with legs aren’t worth the expense.
Dan Ives, an analyst at Wedbush Securities, said the money Meta is spending is worrying. The company not only has to deal with this situation, but also with a lack of transparency towards its investors. Mr. Ives sees the Metaverse as a gamble from Zuckerberg and his team, who continue to face huge obstacles in their core business.
Benchmark analyst Mark Zgutowicz goes further by stating that there is no metaverse. ” There’s no real metaverse, at least from an evolutionary perspective, until we can all wear glasses that don’t make us look like aliens or anything.“he said. The expert estimates that 60% of the money that Reality Labs has lost is due to the high R&D costs involved in building a new universe.
Mark Zuckerberg is confident in his vision for the future
Despite the millions in losses and layoffs, Mark Zuckerberg is confident the company is moving in the right direction. Meta’s chief executive, who has already lost 70% of his fortune in the past year, said his company is among the most profitable and has huge potential ahead of it.
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’s too early to draw any conclusions about the Metaverse, as everyone has a different view of it. Meta’s platform is under construction and is betting on a future where we all wear headphones to work or go out. Consider it a ” slow death at this point he is somewhat fatalistic; remember that Meta has three of the most used platforms in the world (Facebook, WhatsApp and Instagram).