Some of its products have sparked mockery, such as the cheap-looking digital avatar meant to represent Zuckerberg. Its metaverse-focused Reality Labs division lost $13.7 billion in 2022. His decision has been a costly one for Meta both financially and reputationally. Mark Zuckerberg has been most aggressive in that race, renaming Facebook to Meta as a kind of binding commitment to an AR/VR future. The term "metaverse" was first coined by author Neal Stephenson, who introduced the concept of a 3D virtual space in his 1992 novel "Snow Crash." Entrepreneurs have since been racing to create their own versions of a digital universe, touting it as the future of computing. ![]() Mark Zuckerberg's much-mocked metaverse avatar. ![]() Account icon An icon in the shape of a person's head and shoulders.
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