Business News Report
December 01, 2022

Meta’s Mark Zuckerberg is still bullish about the metaverse, criticizes Apple’s App Store policies

meta apple

Mark Zuckerberg remains positive about Meta’s metaverse plans, even if they cost the company a lot of money and demand significant changes. During the New York Times Dealbook Summit on November 30, he shared “long-term optimism for the metaverse.” 

At this event, Zuckerberg also labeled Apple’s policies unsustainable. Zuckerberg criticized Apple over App Store policies that have negatively impacted Meta’s business for years.

“I do think Apple has singled themselves out as the only company trying to control unilaterally what apps get on the device. I don’t think that’s a sustainable or good place to be,”

the CEO of Meta said.

He added that it’s unfair for Apple to control which apps go on a device and which don’t.

Zuckerberg has been trying to debunk the myth that Meta is entirely focused on building the metaverse. In reality, only 20% of Meta’s investment portfolio is designated to Reality Labs, which is developing the metaverse, and of that, 40% goes into creating VR headsets. He also acknowledged his failures, which included financial downturns, such as laying off 13% of Meta’s workforce (around 11,000 team members).

For the skeptics that don’t believe in Meta’s metaverse vision, Zuckerberg said: “If you’re getting skepticism, you’re pushing hard enough.”

In October, Apple renewed its App Store Review Guidelines and Terms, limiting NFT features

For the past few months, Zuckerberg has been actively criticized for Meta’s business model and the company’s plunging shares. His most recent VR headset, the Meta Quest Pro, didn’t receive acknowledgment and was condemned for its high price despite it the product being cutting-edge for the VR industry. 

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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