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Meta’s $70B Metaverse Loss Signals Possible Strategic Shift

Meta has reportedly incurred over $70 billion in losses from its metaverse initiative, with indications CEO Mark Zuckerberg may be ending the project.

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Terms & Concepts
  • Metaverse: A virtual, digital world where users interact via avatars, often incorporating blockchain and virtual reality technologies.
  • Blockchain: A decentralized digital ledger that records transactions securely and transparently across a network.