I've watched about half of the keynote from Facebook live so far. It ranges between cringe and creepy. Especially when he describes Meta as "you can think and make it happen" (hinting at using his brain implant)
He admits that it's a long way off until it becomes mainstream, but he truly believes it will be the next evolution of the internet.
It's honestly not a bad concept. They're being smart about it. They're using VR and AR, because VR isn't widely accepted but AR is. 100's of millions of people used AR for Pokemon Go, and still use it for other things. So it gives a wider audience. You only need you phone and you have your experience.
They're also encouraging participation by setting up systems for developers and content creators to earn money from it (similar to Twitch), and Facebook is making a loss on most of VR headsets and services they're providing just so they can get more people involved.
But Zucker makes the key mistake in thinking he can make an unpopular thing a reality just by throwing money at it.
I use VR a fair bit myself and I love it for what it is, but it'll never be a social experience for anyone beyond the socially inept. Sure, it's fun and you can use it to help with long distance stuff, but most people are not going to opt for drinking in a VR pub when they can drink in a real pub. And virtual work places will never replace real life interactions and collaboration.