+25 25 0
Published 1 year ago by ticktack with 0 Comments
by ticktack
1 year ago

Meta's Reality Labs lost $3.99 billion last year, bringing its total losses since 2020 to $30 billion

It seems that no matter how much money Meta's Reality Labs unit loses, Mark Zuckerberg refuses to give up on the company's metaverse ambitions. In its first-quarter earnings report, Meta said Reality Labs, responsible for its metaverse-related tech, recorded a $3.99 billion operating loss. The latest figure means that since 2020, the division has lost a massive $30 billion.

Continue Reading https://www.techspot.com

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment

Here are some other snaps you may like...

discover your
interests.

Check out our front page for a lot more stuff!

Mark Zuckerberg denied the ‘narrative’ that he’s ditching the metaverse and he unveiled a new goal: bringing ‘A.I. agents’ to ‘billions of people’

How many more warning signs does Mark Zuckerberg need to see before he pulls the plug on his metaverse?

Meta says it will lay off more than 11,000 employees

Meta conducts yet another round of layoffs

Mark Zuckerberg showed his full avatar, which now has legs, in real-time for the first time after Meta was slammed for poor graphics