Where was the metaverse in 2022?
JOHN SAEKI
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Mark Zuckerberg rebranded Facebook to Meta in October 2021
The metaverse is theoretically the
future of the internet, a 3D virtual
world where people will be able
to interact with each other as
avatars
Meta Quest Pro VR headset,
released by Meta Oct 2022
In Meta’s share price after
poor Q3 results in October 2022
The number of workers
Zuckerberg laid off in Nov 2022,
in a restructuring couched as his
ongoing strategy towards the
metaverse future
LOOKING FOR THE METAVERSE
The amount Meta invested into
its key metaverse division named
Reality Labs since 2019,
according to Business Insider
Sources: Meta/Tech News /Retail Wire /Fortune Business Insight/Precedence Research/Businessinsider.com
At year-end the metaverse may still seem distant to many, but its backers continue to bet high
on its potential future
A COSTLY BET
3Q
2Q
1Q
4Q
2022
3Q
2021
10.3
6.7
7.5
9.2
4.4
25% drop
11,000
$36 billion
Meta net income
In billions of dollars
46%
20%
Others
Online
shopping
Conferences
Content
creation
Social
media
Gaming
According to analysis by Precedence research
According to analysis by
Fortune Business Insights
2027
2026
2025
2024
2023
2021
$51.7 bn
2022
$68.5 bn
2030
$1,300.89 bn
2028
$570 bn
2029
$853 bn
PROJECTED MARKET
Where was the Metaverse in 2022?
Metaverse market share, 2021
By applications associated with
metaverse concepts
Global metaverse market size