Meta’s metaverse developer reports all-time high net loss in Q4, 2023

Denis Omelchenko

Reality Labs, Meta’s subsidiary focused on developing the metaverse, recorded an operating loss of $4.65 billion in the last quarter of 2023. Meta keeps doubling down on its bet on the metaverse as its expenses to develop virtual reality hit…

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Meta’s metaverse developer reports all-time high net loss in Q4, 2023