Reality Labs’ $4B Loss Contributes to Meta’s Ongoing Metaverse-Related Struggles

Reality Labs’ $4B Loss Contributes to Meta’s Ongoing Metaverse-Related Struggles

Upworthy

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Meta’s Reality Labs recorded a loss of $4 billion in the first quarter of 2023. The loss follows an annual loss of over $13 billion in 2022. Meta’s Reality Labs division, which focused on metaverse products and experiences, has created a $4 billion loss for the company. The company published its…

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