Mark Zuckerberg says Meta’s metaverse project will lose ‘significant’ sums of money for up to 5 years

• Mark Zuckerberg told shareholders that creating the metaverse will bleed money for three to five years.

• The Meta CEO told the company’s annual meeting that some products wouldn’t be ready for 15 years.

• The Facebook owner spent $10 billion on the idea of an immersive virtual world in 2021 alone.

Meta’s metaverse project will lose “significant” amounts of money over the next three to five years, CEO Mark Zuckerberg told shareholders on…