Facebook Has Lost $1 Billion Every Month On VR Since June 2022

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Facebook Has Lost $1 Billion Every Month On VR Since June 2022

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects to continue losing…Read more...