At Meta Connect, Mark Zuckerberg announced that the Metaverse finally has legs. 🦵🦵
Well, not legs like the idiom’s meaning of “likely to continue or succeed.” That might be true; however, we mean actual LEGS.
The company is shaking up its higher-detail avatar products by adding legs. While this may not seem like such a big deal, it was a challenging undertaking. More importantly, Zuckerberg made the case that looking and acting like real people in the Metaverse will dramatically improve the experience and possibilities, ultimately leading to increased adoption.
Additionally, in its efforts to convince investors of the company’s progress, Meta also shared updates like: the Quest Pro shipping out, partnering with Microsoft to bring workplace tools to VR, $1.5 billion in revenue from its Quest Store, and more!
Unfortunately, while Zuckerberg and Meta appear excited about the Metaverse, investors remain skeptical. $META shares fell 3.92% today and closed just shy of their 2020 lows. 🙃