Mark Zuckerberg Threw $77 Billion 'Into The Toilet' On Metaverse, Says Economist Dean Baker: Asks If He Is Set To Waste Billions More On AI - Meta Platforms (NASDAQ:META)
Meta PlatformsMeta Platforms(US:META) Benzinga·2025-12-30 17:25

Economist Dean Baker criticized Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg's massive bet on the Metaverse, arguing the roughly 77billionspentontheprojectrepresentsnotjustacorporateloss,butabroadereconomicfailurethatcarriesrealsocialcosts.ZuckerbergThrew77 billion spent on the project represents not just a corporate loss, but a broader economic failure that carries real social costs.Zuckerberg Threw 77 BillionIn his newsletter on Monday titled “Did Mark Zuckerberg Throw $77 Billion of Our Money into the Toilet?” Baker said that while Meta's Metaverse ambitions could be viewed as “just a mistaken investment decision, of ...