Meta announces the closure of Metaverse, the most expensive tech failure in history, exceeding $80 billion: Mark Zuckerberg's all-out investment in virtual reality technology Facebook's acquisition of Oculus ($2 billion) A complete company rebranding (2021) The group company was renamed: Meta (Metaverse) Thousands of people were hired for Reality Labs Investments exceeded $80 billion Building the Metaverse vision Launching Horizon World Not even a truly usable product, no user retention Losses continued to accumulate (billions of dollars annually) Attention shifted to artificial intelligence One of the biggest bets in the tech world…