Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars each

CEO Mark Zuckerberg told CNBC's Jim Cramer on Wednesday that the metaverse could be a considerable part of the social network operator's business in the second half of the decade.

But the company's investment in augmented reality and virtual reality dates back to 2014, when it paid $2 billion for headset maker Oculus VR. Shipments of headsets have Experiences in the metaverse can be more immersive than text, photos or videos, which are pervasive on Meta's Facebook and Instagram, and so it will be a big theme for Meta over the next decade, Zuckerberg said.

"We are at this point, you know, a company that can afford to make some big long-term research investments, and this is a big focus," he said.Meta Platforms had 3.64 billion monthly active people across its family of applications in, up 6% year over year. WhatsApp reached 2 billion users in 2020, and it's also an area where Zuckerberg sees the potential for growth.

jimcramer Buy bye bye

jimcramer I loved how David Faber gushed over the interview being in-person (was it?) in spite of the subject being life in a virtual world.

jimcramer Imagine the potential with onlyfans and metaverse though.

jimcramer VR is interesting for about 30 minutes

jimcramer Aww man poor Facebook , puts on $meta

jimcramer If jim cramer says buy, time to short meta.

jimcramer I wouldn't trust this walking pimple with my money!

jimcramer It is time for Meta to end

jimcramer

jimcramer Trump tried to save the world from this energy crisis, but nobody listened to him. He was the best President we will EVER see again in our generation. He understood the game well.

jimcramer Looks like Meta paid to have some promotion on CNBC.

jimcramer CNBC has lost complete credibility because of jokers like him.

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