A Facebook operating system may be needed "in order to deliver on what we want to build," Mark Zuckerberg said. Zuckerberg did not reject the idea of creating an operating system for his company's various platforms and hardware. The company division working on the metaverse is losing billions of dollars a quarter.

Zuckerberg: By the end of this decade, he expects 1 billion users of the metaverse. "I think over the long term, we will need this level of integration between hardware and software and an operating system," he says. "Meta" changed its name from Facebook late last year.

Zuckerberg expects the metaverse to generate hundreds of billions of dollars in revenue by the end of the decade. "The metaverse is going to be a big leg of our business over the next several years," he says. Reality Labs is currently a money-losing effort.

Facebook lost $3 billion in the first quarter, after losing $10 billion last year. Zuckerberg said he was planning to "slow the pace" of new investments. The company's shift to building the metaverse, as well as Zuckerberg's personal focus on the technology, has caused some concern, frustration and confusion.
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