Gucci CEO Exits, Embraces Metaverse

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Where Have All the Chief Metaverse Officers Gone?

Summary

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75% Informative

Robert Triefus , then Gucci ’s CEO of Vault , left Gucci “abruptly” last month .

He was off “to pursue other opportunities,” the brand said at the time.

The trend of hastily recruited “chief metaverse officer” briefly convulsed the private sector starting in late 2021 .

Meta 's ChatGPT was released in November 2022 , with just 38 active users over a single 24-hour period.

In the last quarter of 2022 , Bloomberg transcript data recorded just two mentions of the metaverse in earnings calls at S&P 500 businesses.

Coca-Cola's Pratik Thakar swiftly pivoted from spearheading the brand’s metaverse content to becoming the company’s global generative AI lead in August 2023 .

The promise of the metaverse from 2021 simply isn’t holding true in 2024 .

Zuckerberg mentioned the word just three times in his keynote address at his company’s developer conference, Meta Connect .

The buzz on collections that were initially successful has all but died too.

Not everyone has given up on the idea, though.

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semi-formal

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English

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