Former Google CEO Eric Schmidt skeptical Facebook will build metaverse

Former Google CEO Eric Schmidt sounded skeptical on Tuesday that Meta, formerly known as Facebook, will succeed at building the metaverse.

“I look forward to excellent innovation in the metaverse,” Schmidt told CNBC’s “Squawk Box” on Tuesday. “I’ve been waiting for about thirty years … As to whether Facebook will build that, I don’t know.”

Schmidt reacted to the news that Meta would shift its focus to build the metaverse, a virtual world where you can socialize, work and play. Google,


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