Facebook has bet big on AR and VR as the next smartphone (and as potential liberation from Apple's control), so Mark Zuckerberg has naturally started saying metaverse a lot. But VR today seems to be at risk of stalling out as no more than a subset of hardcore games.

First, I believe VR will be a major computing platform, as or more significant than the phone and PC were. Facebook should sell about 10 million Oculus Quests this year. The headset will continue to get smaller, lighter, higher res, more powerful, and with many more and better apps. This will drive exponential growth the same way it did with PCs an... See more