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Why the former Google CEO isn’t impressed with Metaverse and Facebook’s vision

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Metaverse has been the new buzzword in the tech world for quite some time now. However, the old Google CEO Eric Schmidt isn’t too keen on the very concept of Metaverse. Schmidt served as CEO of Google for ten years, from 2001 to 2011. He served as Executive Chairman of Alphabet Inc from 2015 to 2017 and Technical Advisor to Alphabet from 2017 to 2020. At an event in Colorado, USA Recently, Schmidt reportedly expressed skepticism about the prominence and adoption this new technology might take in the future.
“No one knows or has clearly defined what the metaverse is”
Schimdt said that so far there is no consensus on the very definition Metaverse is and what it means. “There is no agreement on what the metaverse is, even though one company has changed its name in anticipation of its definition,” Schimdt said. The former Google CEO appeared to be referring to the social media giant Facebook here which now includes Metaverse as one of the key pillars of its operation and has renamed itself to Meta.
Schmidt isn’t too keen on real estate in the Metaverse either, and considers it a controversial topic. “I’m not worried about buying large tracts of private real estate in the metaverse myself. It’s not a concern I have every day,” he said.
Do not search Facebook for the first time
By the way, this isn’t the first time Schmidt has scoured Facebook about Metaverse. In 2021, while speaking to CNBC, Schmidt said, “I’ve been waiting for about thirty years. … As to whether Facebook is going to build this, I don’t know.”
Schmidt went on to say that he would continue to call the company Facebook, much like others call Alphabet “Google,” which he says is “how it really works.” He added that while the promise of the metaverse is powerful, it could cause problems when people give up real life for the virtual world.
What is the Metaverse
According to the most widely accepted definition of Metaverse, it is a virtual world where you can socialize, work and play.

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