Quote of the day by Mark Zuckerberg: 'Metaverse isn't a thing a company builds. It's the next chapter of the internet overall' a prediction that hit wide of the mark

Date:
Thu, 11 Jun 2026 22:00:00 +0000

Description:
The Meta CEO's pandemic-era predictions on the future of technology failed to materilaize

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter The embodied internet, the metaverse, the Tron system; however you want to describe this idea of "cyberspace" first conceptualized by author William Gibson in the 1980s these virtual worlds haven never truly materialized. When the COVID-19 pandemic locked us up indoors, Mark Zuckerberg thought it was the moment to
go all-in on the idea. "Metaverse isn't a thing a company builds. It's the next chapter of the internet overall." Mark Zuckerberg, March 2022 From Facebook to Meta Virtually joining the South by Southwest (SXSW) conference
in Austin, Texas, the Facebook founder outlined the dramatic pivot his
company had made in October the previous year. Describing the " metaverse ", as he coined it, as the next chapter of the internet seemed intriguing if for a moment, with Zuckerberg adding the company's renewed goal was to "help buil the fundamental tech to bring the metaverse to life". Latest Videos From
Watch full video here: Quote of the day This article is part of TechRadar Pro's QOTD project to provide an insight into the minds of the brightest and most recognized figures in the technology industry today and in years gone
by. Read the full series here . At the time, this centered around clunky VR headsets, Miiverse-style legless avatars and a Second Life-esque virtual
world that we'd all plug into, whether that's during our work lives or social lives.

Despite the bold bet, there were plenty of warning signs that the longevity
of the metaverse as a concept would be short-lived, at most, given the pandemic renewed the desire of many millions of people to reconnect with the physical world. You may like Meta is pulling the plug on its VR metaverse in June Quote of the day by Meta CEO Mark Zuckerberg: 'Move fast and break things. Unless you are breaking stuff, you are not moving fast enough' on
the nature of disruption Meta cloud computing business definitely on the table, Mark Zuckerberg says excess data center capacity could be used to enter the market From the metaverse to AI The fate of the metaverse is, by now, well established. It's dead sort of anyway with support for Horizon Worlds hanging by a thread.

After investing tens of billions of dollars into its metaverse division from 2020, funding has been withdrawn to the tune of up to 30% in 2026 . Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting
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The company is now planning to invest more than $100 billion dollars on the
AI buildout with the company raising its capital expenditure forecast to a range of between $125-145 billion. As to whether there is a future for the metaverse, that all depends on how the next phase of the AI buildout shapes up, according to company executives .



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Link to news story: https://www.techradar.com/pro/quote-of-the-day-by-mark-zuckerberg-metaverse-is nt-a-thing-a-company-builds-its-the-next-chapter-of-the-internet-overall-a-pre diction-that-hit-wide-of-the-mark


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