SBF Analyzes Mark Zuckerberg’s Plan To Invest $10 Billion Year In Meta

SBF-Mark Zukerberg‘s latest effort to maintain control of the Web3 social media space, specifically the Metaverse, was the rebranding of Facebook as Meta. Sam Bankman-Fried (SBF), the CEO of the cryptocurrency exchange FTX, expressed his opinions on the rebranding and what it means for the future of Meta as Meta celebrated one year since the makeover.

When the CEO unveiled the avatar for Meta’s Horizon Worlds VR platform, speculation about Zuckerberg’s $100 billion Metaverse venture began to swirl. Although each new version of the Zuckerberg avatar appeared to be more visually appealing than the one before, subsequent releases became the subject of internet memes.

The expansion of Facebook was unaffected, according to Bankman-Fried, by more recent competitors like TikTok. The corporation “stopped growing because, well, there was no more room to grow,” he countered.

SBF believed that Facebook was using the change to Meta

Additionally, the action would support Meta’s claim that it would succeed in earning a substantial income.

SBF called attention to “the hazy Meta guide” and the investors’ choice to invest $10 billion annually in the Metaverse. Zuckerberg’s position as a Metaverse believer is strengthened by his intention to inject $10 billion annually.

SBF concluded by restating that Facebook had already won by surpassing all other social media networks to become the biggest. So what comes next? Start constructing Social Media 3.0, said SBF.

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