The price of Facebook, or Meta (META), has decreased by more than 60% throughout that time.

With losses exceeding an astounding $3.7 billion in Q3, Meta's Reality Labs suffered a serious financial hit. The ambitious plan by Mark Zuckerberg to build the metaverse has undoubtedly cost a lot of money, but it appears that the CEO of Meta is convinced that these expenditures will eventually yield substantial returns.

One year has passed since Mark Zuckerberg made the risky decision to bring Facebook online. And it is obvious that he is serious about making Meta not only relevant but crucial within our quickly changing global economy given the billions of dollars invested and the restructuring of his firm around Web3.

The price of Facebook, or Meta (META), has decreased by more than 60% throughout that time. Of course, this isn't a result of the move to the Metaverse, but it will be interesting to observe how it performs as inflation soars and investors keep a close check on prices.

Mark Zuckerberg Continues to Be Positive About the Metaverse

Investors have suggested that Meta should cut back on spending on its metaverse projects, but Zuckerberg maintains that this would be a "disaster."

According to Zuckerberg, many individuals might disagree with this investment. But from what I can gather, I believe that this is going to be a very essential thing, and I believe that it would be a mistake for us to ignore any of these areas, which I believe are going to be critically vital for the future.

The CEO of Meta also said that he anticipated losses to increase in 2023, despite his continued optimism that the investment will be profitable.

'We do expect Reality Labs operating losses to increase dramatically year over year in 2023. Beyond 2023, we anticipate to pace Reality Labs investments such that we can eventually reach our long-term objective of increasing overall company operating profitability.

Facebook and Instagram Keep Expanding

The company's two core applications, Facebook and Instagram, continue to expand even if Meta may be losing money.

With around two billion daily active users and almost three billion monthly users, Facebook continues to be one of the most widely used social media platforms in the world. The 50% increase in Reels plays on Facebook and Instagram in just six months is even more remarkable.

And since 2014, Meta's WhatsApp has experienced exponential growth. The text messaging service had about 430 million users back then, but by 2022, there will be over 2 billion.

This demonstrates that there is still a big demand for their Web2 applications, and as Meta's Metaverse launches, you can be sure that Facebook, Instagram, and WhatsApp will migrate there.

Conclusion

Many investors are beginning to question if Zuck made the right decision to bet everything on the Metaverse as Reality Labs continues to lose money for Meta.

However, prices have fallen in all tech stocks, so Meta's Web3 investment cannot be held completely responsible. It would take a courageous guy to wager against Mark Zuckerberg in the long run considering that he founded Facebook and one of the greatest companies in the world along with it.