There will be no press release, no big announcement, as he would have to acknowledge that he was wrong.
But make no mistake: Mark Zuckerberg just buried the metaverse. The metaverse is dead.
Source: Mark Zuckerberg Quietly Buries the Metaverse
The Metaverse was stupid and still is stupid. No one wants to wear VR Helmets all day interacting with legless avatars.