‘The metaverse will be our slow death’: Is Facebook losing its $100bn virtual reality gamble?

The company now known as Meta has spent staggering amounts on creating an immersive successor to the traditional 2D internet. But what has it got to show for it, apart from 11,000 job losses?

Facebook Connect 2021: Mark Zuckerberg announces an immediate rebrand of Facebook to Meta.

What a difference a year makes. Last October, Facebook supremo Mark Zuckerberg could barely wait to show the world what he was up to. 

“Today, we’re going to talk about the metaverse,” he enthused in a slick video presentation. “I want to share what we imagine is possible.”