Home Metaverse Facebook Parent Meta’s Metaverse division lost $13.7B in 2022

Facebook Parent Meta’s Metaverse division lost $13.7B in 2022

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Facebook Parent Meta’s Metaverse division lost $13.7B in 2022

Source: news.google.com

For all of 2022, Meta lost $13.7 billion on the division on revenue of $2.2 billion, up from a loss of $10.2 billion on revenue of $2.3 billion in 2021. The company previously said it expects FRL’s operating losses in 2023 to grow “significantly.” . ” during 2022, as it invests in what it considers a crucial part of its future.

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