Mark Zuckerberg used striking statements about Metaverse at the Meta annual meeting that took place recently.

Introducing the metaverse prediction that will lead to the start of a new trend all over the world in October 2021, Facebook also changed its name and determined its new name as Meta. Since then, the company continues to make regular statements about the metaverse and share its plans.

Meta spent $10 billion designing its metaverse in 2021. In Meta's metaverse project, which has been talked about in public with its positive aspects until today, the other side of the coin was personally shared by Meta CEO Mark Zuckerberg.

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The hardware is aimed to be cheap enough to be accessible to everyone

Meta CEO Mark Zuckerberg told shareholders that Meta's metaverse project will consume "significant" amounts of money over the next three to five years, Bloomberg reports.

The statement came in response to a shareholder's question about the return on investment at Wednesday's annual meeting. The board also noted that many of Meta's products for the "embodied internet" are unlikely to be viable for 10 to 15 years.

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In a statement to shareholders, Zuckerberg said:

   "We want to make hardware as affordable as possible for everyone and enable the growth of the digital economy."

It was reported that Meta, which worked for the metaverse, spent 10 billion dollars only in 2021 to design its metaverse. It is also reported that Zuckerberg has 10,000 employees working on his vision, and he wants to hire 10,000 more to work on the project. However, these plans are likely to be put on hold after Meta halted hiring in early May in anticipation of an economic slowdown.

In the document submitted to the SEC, Meta's Board of Directors shared that many of the "embodied internet" products within the scope of the company's metaverse project are unlikely to be realized in the next 10 to 15 years. These statements and Zuckerberg's statement, which was a warning to investors, showed that a large part of Meta's money would go to the future of the metaverse.