Meta lost $16.1 billion on its big metaverse bet during 2023 | Metaverse | Nfts | News
Meta lost $16.1 billion on its big metaverse bet during 2023
Reality Labs lost $16.1 billion during the 2023 fiscal year in an attempt to realize the metaverse ambitions of parent company Meta. That represents a significant increase on the $13.7 billion loss the division recorded across FY22, and Meta expects those losses to "increase meaningfully year-over year" due to its product development efforts in AR and VR.
✅ Official Metaverse and NFT Information Channel✅. Mark Zuckerberg changed Facebook’s name to Meta and announced the plan to create a new virtual world (Metaverse). Advertising request:. @Michae...
