Source: news.google.com
Mark Zuckerberg, CEO of Meta Platforms Inc., demonstrates Meta Quest Pro during the Meta Connect virtual event in New York, USA, on Tuesday, October 11, 2022.
michael nagle | Mayor Bloomberg | fake images
Mark Zuckerberg’s dream of a future in the metaverse is costing investors a lot of money.
In his earnings report after the bell on Wednesday, Goal It said its Reality Labs division, home to the company’s virtual reality technologies and projects, lost $4.28 billion in the fourth quarter, bringing its total operating loss for 2022 to $13.72 billion.
It was a rough first full year for the new Meta, the company formerly known as Facebook. At the end of 2021, Zuckerberg changed the name of the company and said that his future would be in the metaverse, a digital universe where people …
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