Business Insider has obtained access to an internal email from Meta's CTO, Andrew Bosworth, addressed to the company's employees, in which he noted that 2025 will be the "most important" year for the metaverse.
"We need to drive sales, user retention, and engagement across the board, but especially in the area of MR [Metaverse], " Bosworth wrote. He added that "this year is likely to determine whether the company's efforts will be perceived as the work of visionaries or as a legendary misadventure."
According to Bosworth, for the long-term prospects of the company, it is extremely important that Horizon Worlds, the Meta * metaverse, must be available on mobile devices.
Reality Labs, owned by Meta, reported record revenue of $ 1.08 billion in the fourth quarter, but also reported its biggest quarterly loss of $ 4.97 billion. Since 2020, Reality Labs has lost more than $ 60 billion.
For comparison, in 2024, the entire US gaming industry spent $ 58.7 billion on game and hardware development.
