Sunday, October 16, 2022 8:10:44 PM
Internal documents show the metaverse is falling short of goals. After spending more than $10 billion on its Metaverse bet, Meta documents indicate it’s losing users and falling short of goals. Horizon Worlds, its flagship consumer metaverse, has less than 200,000 monthly active users, but the company had hoped to reach 500,000 by the end of 2022. Instead, most users didn’t return after the first month on the platform, and the number of users has steadily declined since the spring. Only 9% of its worlds are visited by at least 50 people, and most are never visited. More from CNBC.
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