News Digging > Featured > Metaverse lost $35 bln in four years – Financial Mirror
Metaverse lost  bln in four years – Financial Mirror
Metaverse lost $35 bln in four years - Financial Mirror,While Mark Zuckerberg may believe that the future of his company lies in the metaverse, truth is, the project is costing Meta and its shareholders billions of dollars. The four-year operating loss of Meta’s Reality Labs division, home to the company’s virtual reality technologies and projects, climbed to a shocking $35 bln, according to data presented by TradingPlatforms.com. Although Facebook parent Meta’s investors have called on the company to reduce spending on metaverse projects, it continues to lose billions of dollars to bring its CEO’s metaverse vision to life. Even more worrying is that Zuckerberg expects losses to grow significantly

Metaverse lost $35 bln in four years – Financial Mirror

While Mark Zuckerberg may believe that the future of his company lies in the metaverse, truth is, the project is costing Meta and its shareholders billions of dollars. The four-year operating loss of Meta’s Reality Labs division, home to the company’s virtual reality technologies and projects, climbed to a shocking $35 bln, according to data presented by TradingPlatforms.com. Although Facebook parent Meta’s investors have called on the company to reduce spending on metaverse projects, it continues to lose billions of dollars to bring its CEO’s metaverse vision to life. Even more worrying is that Zuckerberg expects losses to grow significantly