Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter

Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter

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None Meta's Reality Labs division lost $3.7 billion in the third quarter. • None Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. • None Meta said Reality Labs' revenue was down 26% this quarter, but it's still a "major long-term focus." big…

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