Meta's virtual worlds development caused a loss of $5.7 billion
Meta Platforms Inc. multinational holding company's losses related to metaverse developments totaled $5.77 billion for the first half of 2022.
Mark Zuckerberg, the head of Meta (formerly Facebook), could not stay away from the rapid development of the crypto industry, thus deciding to create his own cryptocurrency. Despite high hopes and expectations, it turned out to be a big failure, followed by the government's rejection of the project's development. So why couldn't the world's largest social network create its own cryptocurrency? Let's explore this case closely.
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