JUST IN: Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees —
an estimated 13% of its workforce — and will also be taking “a number of additional steps to become a leaner and more efficient company.”
This is a clear indication that since Mark went and focused on building the Metaverse (VR and AR) that this was a risk.
We focused on building Horzons (app) and building Oculus and Metaquest. But clearly the world was not ready for this evolution.
Also with Oculus costing $299 and the new Oculus costing over $500 shows that majority aren't willing to invest in this technology or can't afford it...
I do think the Metaverse will take over one day, but only when technology becomes cheaper and the benefits outweigh the risks... Right now it's a liability to those due to a lack of education
What are your thoughts...
an estimated 13% of its workforce — and will also be taking “a number of additional steps to become a leaner and more efficient company.”
This is a clear indication that since Mark went and focused on building the Metaverse (VR and AR) that this was a risk.
We focused on building Horzons (app) and building Oculus and Metaquest. But clearly the world was not ready for this evolution.
Also with Oculus costing $299 and the new Oculus costing over $500 shows that majority aren't willing to invest in this technology or can't afford it...
I do think the Metaverse will take over one day, but only when technology becomes cheaper and the benefits outweigh the risks... Right now it's a liability to those due to a lack of education
What are your thoughts...
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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.