Meta says it's committed to the metaverse and will continue to invest 20% of its spending in it

Dec 19 2022 by Business Insider

 
Mark Zuckerberg.

Stephen Lam/Reuters

Meta's chief tech officer wrote in a blog post on Monday that the company is committed to the metaverse. Meta will continue to invest 20% of its spending on the efforts. The post comes after the consulting CTO of its virtual-reality initiative left the company last week.

Meta is sticking with the metaverse.

In a blog post on Monday titled "Why we still believe in the future," the company's chief technology officer Andrew Bosworth wrote that Meta, formerly...

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