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Facebook doubles down on metaverse spending despite calls to cut costs

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Facebook doubles down on metaverse spending despite calls to cut costs

Source: news.google.com

  • Facebook has warned that its metaverse business Reality Labs will lose even more money in 2023.
  • This year, the company is on track to spend more than $10 billion on this effort.
  • Shares of the company fell 13% to their lowest level since 2017.

Read More at news.google.com

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