A "Very Significant Investment Over Many Years" for the Next Chapter of Facebook
(Facebook Q2 FY21 Earnings Review)
I was contemplating placing the word ‘metaverse’ into the title of this piece, but I figured that had been overdone by this point. Instead, I named it ‘A very significant investment over many years” to echo what Mark alluded would be the outlay of building this project which would be the “next chapter” for Facebook.
For more context on that revelation, I highly recommend reading/listing to this piece by Casey Newton, where he asks the man himself (Mark Zuckerberg) about how he views Facebook’s opportunity surrounding that the metaverse.
To give you a soundbite of that interview, here are some choice words from Facebook’s CEO:
“You can think about it as the successor to the mobile internet. And it’s certainly not something that any one company is going to build, but I think a big part of our next chapter is going to hopefully be contributing to building that, in partnership with a lot of other companies and creators and developers. But you can think about the me…