![]() ![]() ![]() Personalizing Goal: Since Facebook rebranded as Meta in late 2021, investors have been skeptical of the potential of the metaverse, Munster said. Meta lost $13.7 billion in its Reality Labs segment in 2022, which has laid the groundwork for Meta’s 2023 goals, he noted. In 2013, Zuckerberg oversaw the shift from desktop to mobile, a year after Facebook went public and increased mobile ad revenues from 23% of total revenue in the fourth quarter of 2012 to 53% in the fourth quarter of 2013, the venture capitalist said.īut the move of pivoting to metaverse initiated in 2021 hasn’t been a success, Munster noted.
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