Meta has had a disastrous quarter.
That didn't stop founder and CEO Mark Zuckerberg from laying it on thick.
The Internet company is doing "historical work" around the "metaverse".
Decades in the future, people would be talking about Meta's exploits in the field.
Zuckerberg has never so passionately defended his vision for this futuristic, albeit extremely vague, virtual world.
This shows how much he is in need of explanation.
Meta is pumping gigantic sums of money into this bet.
Zuckerberg is pushing this through while its core business of Facebook and Instagram is in turmoil, not only because of the tough economy but also increased competition like Tiktok.
Convincing answers that go beyond copying features of the rival are missing here.
Investors are growing increasingly frustrated, but given Zuckerberg's power as CEO, who also controls the majority of voting rights, there is little they can do.
He can wallow in future fantasies as much as he wants.