Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors

Following the quarterly release of Facebook’s earnings numbers where the company’s CFO takes time to walk analysts through the nitty-gritty of the company’s financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company’s future goals, specifically calling out his ambitions to turn Facebook into “a metaverse company.”

“I wanted to discuss this now so that you can see the future that we’re working towards and how our major initiative across the company are going to map to that,” Zuckerberg said on the call. “What is the metaverse? It’s a virtual environment where you can be present with people in digital spaces. You can kind of think of this as an embodied internet that you’re inside of rather than just looking at.”

These comments echoed an interview he gave to The Verge last week, detailing some of the company’s future goals.

The metaverse offers Facebook an opportunity to draw a line between its moonshot efforts and its core business, building a wide-reaching hub that shines on augmented reality and virtual reality platforms but feels just as friendly on mobile and desktop. Zuckerberg’s definition of the metaverse is broader than some others but comes down to building a version of the web that feels more like an MMO than a collection of web pages.

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Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors

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