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Meta's Reality Labs division, led by Mark Zuckerberg, has been facing significant losses in its pursuit of the metaverse. The division reported operating losses of $4.5 billion in 2019, $6.6 billion in 2020, $10.2 billion in 2021, and $11.5 billion in the first three quarters of 2023. Since the start of last year, the division has lost over $21 billion. Despite these losses, Meta continues to promote the metaverse as the future.
AI has rescued Mark Zuckerberg from a metaverse-size hole. His long-term bet still stands, though https://t.co/cfv6u46FjY 👇
Zuckerberg's Metaverse loses over $25 billion, VR fans criticize Meta Quest 3. #ai #techai #techaitech #tech #techmology #learningai #generativeai #deepbrainai #MarkZukerberg #meta https://t.co/TCrgfjM0RF
Zuckerberg's Metaverse Is Bleeding Billions of Dollars, Documents Reveal https://t.co/BjXC1Ziw0K
Mark Zuckerberg’s $46.5B loss on the metaverse is so huge it would be a Fortune 100 company https://t.co/vUwLSLJVat
AI has rescued Mark Zuckerberg from a metaverse-size hole: His long-term bet still stands, though https://t.co/6qVnf19J9H
[From May, RE: Google Search payments] Big Tech’s Biggest Bets (Or What It Takes to Build a Billion-User Platform) --- Meta’s Reality Labs losses may be eye-watering, but they aren’t rare and are increasingly essential to billion user platforms https://t.co/QXsjNrrbpn
80Level: According to the recent financial report, Meta's Reality Labs division has lost over $3.7 Billion in the third quarter. Details: https://t.co/xsxDtjA4KO #Meta #RealityLabs #vr #BusinessNews https://t.co/jYwtDr43qg
Zuckerberg's Metaverse Is Bleeding Billions of Dollars, Documents Reveal https://t.co/n4U9WG1RXy
Meta continues to push the metaverse as the future. In the present, it keeps racking up losses. Coming into the third quarter, Meta’s Reality Labs division had lost more than $21 billion since the start of last year. Read the full story here: https://t.co/3h1LQWKUyL https://t.co/FJEL3nXGCj
Even with a record-setting quarter, Zuck's metaverse is still a money pit Reality Labs operating losses: 2019: $4.5 billion 2020: $6.6 billion 2021: $10.2 billion 2022: $13.7 billion 2023: $11.5 billion (Q1-Q3) https://t.co/byKgf6KDwC