Is the Metaverse Over Before It Even Began?
Most people probably never even heard of the metaverse before Mark Zuckerberg decided to change Facebook's name to Meta Platforms (NASDAQ: META) and go all-in on alternate reality. Even among tech-savvy people, a definitive explanation for what the metaverse is remains elusive, though it's loosely described as a world in which we socialize, work, and play virtually.
That hasn't stopped corporations from committing tens of millions of shareholder dollars to participate and for analysts to proclaim it a multitrillion-dollar opportunity over the next decade or so.
Yet maybe everyone's gotten just a little bit ahead of themselves on the metaverse's potential as companies are already putting the brakes on their participation in this virtual, artificial intelligence-driven space. It could be that the metaverse is fizzling out before it even gets started.
Source Fool.com
