CoreSight | Mark Zuckerberg's $80 Billion Mistake

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CoreSight | Mark Zuckerberg's $80 Billion Mistake

In October 2021, Mark Zuckerberg renamed Facebook to Meta and bet over $80 billion on the metaverse. He promised it would reach a billion people.

By 2026, Horizon Worlds had reached 0.03% of that. This is the full story of how the metaverse went from Silicon Valley's biggest bet to its most expensive failure.

THE NUMBERS:

In 2014 - Facebook buys Oculus for $2 billion

In 2021 - Facebook rebrands to Meta

In 2022 - Horizon Worlds peaks at 300,000 users, target was 500,000

In 2022 - Meta stock crashes 64%, 21,000 employees laid off

2022-2025: Reality Labs loses $83.6 billion

2023: Zuckerberg pivots to AI, stock rises 194%

CoreSight | Mark Zuckerberg's $80 Billion Mistake

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