Things are not looking good for Meta at the moment. Facebook’s parent company just announced its second consecutive quarterly decline, with Meta stock falling 24 percent to below $100, its lowest price since 2016, and it appears that Metaverse is largely to blame.

In the past nine months, Meta’s foray into virtual reality, through its Reality Labs division, has cost them more than $9 billion. Morgan Stanley cited increased spending when it lowered shares of Meta on Thursday morning, while analyst Brian Nowak predicts the company’s problems will persist if it continues to pour money into AI projects.

To illustrate the negative impact of Meta’s Metaverse-related efforts on its earnings, Statista visualized the company’s operating profit and loss, by segment, between Q4 2020…