Zuckerburg's Metaverse Is A Total Ghost Town
October 24, 2022
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5:34Now PlayingZuckerburg's Metaverse Is A Total Ghost Town
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as posted by the channelThe Wall Street Journal reports that Meta's Horizon Worlds is a virtual ghost town. Ana Kasparian and John Iadarola discuss on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE
"Nearly a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. META -1.03%▼ in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users and a lack of clarity about what it will take to succeed.
While Mr. Zuckerberg has said the transition to a more immersive online experience will take years, the company’s flagship metaverse offering for consumers, Horizon Worlds, is falling short of internal performance expectations.
Meta initially set a goal of reaching 500,000 monthly active users for Horizon Worlds by the end of this year, but in recent weeks revised that figure to 280,000. The current tally is less than 200,000, the documents show.
Most visitors to Horizon generally don’t return to the app after the first month, and the user base has steadily declined since the spring, according to the documents, which include internal memos from employees.
By comparison, Meta’s social-media products, including Facebook, Instagram and WhatsApp, together attract more than 3.5 billion average monthly users—a figure equivalent to almost half the world’s population. Horizon is currently reaching less than the population of Sioux Falls, S.D."
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