In the midst of the crisis over the metaverse, Mark Zuckerberg announced that he will be a father again

He made the announcement via a Facebook and Instagram post. Max, his oldest daughter, is seven years old, and August is five.

The news of Mark Zuckerberg and his wife Priscilla Chan’s third child’s impending birth was shared on Instagram and Facebook on Wednesday.

The image of the CEO of Meta and his wife, taken while he runs his palm over her stomach, was posted on both of his social media pages. I’m excited to announce that Max and August will welcome a new baby sister in 2019.

When the news was released, her sister Randy Zuckerberg, who was in the nation in May for a metaverse speak, said, “Hooray!!!!!! Serious family of girl strength! I’m really excited to meet her! “Mazel Tov!”

Thousands of people have commented and the post has approximately 320.000 likes so far.

Since their meeting in May of last year, the couple has been married for ten years.

Maxima, Max, their first child, is seven years old. The following, on August 5,

Despite receiving all the attention in the metaverse, it never takes off

In the meantime, US tech companies Qualcomm and Meta announced a multi-year deal to work together on creating microprocessors specifically for virtual reality gear.

The two businesses said in a statement that their engineers and designers will collaborate to create these new chips, which will be built on Qualcomm’s Snapdragon XR platform and utilized in the Quest Meta virtual reality headset.

However, the metaverse’s building has been unsuccessful for seven months running and has failed to persuade anyone.

The losses of the business’s Virtual Reality division, which was in charge of the mission, totaled $2,960 million, according to Meta’s quarterly report, which was released this Wednesday by the technology company.

Until VR apps and its metaverse platform are developed enough to take advantage of the “huge opportunity” estimated at “hundreds of billions of dollars,” Zuckerberg recognized that those losses might persist for a number of more years.

Some scholars believe that Meta’s introduction of the concept of the metaverse to the world was the main reason it started to decline and go uncontrolled. Zuckerberg, though, has no second thoughts and is prepared to wait indefinitely.

The shareholders of this company are concerned because this new project, which has been promising to stand out for more than 10 years without actually doing so, does not appear to be moving in a clear direction. Additionally, people don’t appear to be all that sold on the concept.

At Reality Labs, a subsidiary company that develops VR and AR software to aid Meta users, sustained losses are accumulating as well. These sudden drops, meanwhile, are not out of the ordinary and are taken into account for divisions throughout the research and development process.

In addition to the decreases, Reality Labs’ revenue and operating margin have also been heading downward since 2021 and 2020, respectively. The second quarter of 2022 saw the lowest sales and margin in the previous seven quarters, with $11.1 billion and 29%, respectively.

By Editor