Facebook founder and CEO of Meta, Mark Zuckerberg said that there was a possibility that his company would build an operating system (OS) for Meta platforms. Although his company is losing billions of dollars per quarter as it expands the metaverse, he believes that it will generate hundreds of billions of dollars in revenue. And when would this be generated? According to him by the end of the decade.
When asked whether Meta would build an operating system for the metaverse to function on CNBC’s Mad Money, Zuckerberg replied that he thought that they would “need this level of integration between hardware and software and an operating system, just to deliver” what they wanted to build.
Zuckerberg has always been upbeat about the metaverse and sees it as the future of his company and the world. He said that he expected that there would be a billion users of the metaverse by the end of the decade.
He added that these users would spend “hundreds of dollars” each year on various goods. They would buy virtual items for spaces as well as for avatars. Zuckerberg has suggested that the revenue generated by the end of the decade would be hundreds of billions of dollars if each of the billion users spend at least $100 each year, as per his expectations.
The Meta CEO also said that their “playbook” has been to build services that reach as many people as possible. He looked at a figure of 1 to 2 billion users and then wanted scale it upwards. He considered the metaverse to be a “a big leg” of their business over several years as well as “the second half of this decade.”
Mark Zuckerberg has always had a vision for his company’s version of the metaverse. He expects it to be profitable, despite qualms from some of his own employees as it is still a huge money-losing effort. However, confident Mark Zuckerberg said, “We will get there.”