Meta released a policy document on Friday, urging policymakers to hold off on formulating new rules for regulating the Metaverse. Meta believes that many of the world's existing laws and regulations will also apply to activities in the Metaverse, and excessive regulation could hinder innovation. According to previous news, Meta CEO Zuckerberg said at the New York Times DealBook Summit on Wednesday that he was still optimistic about the prospects of the Metaverse in "5 to 10 years." But he also admitted that Meta needs to operate in a "more efficient and more disciplined" manner in the short term because the macroeconomic crisis has forced the company to cut spending. (Bloomberg)