Meta has revealed record-breaking losses resulting from its foray into the Metaverse but founder Mark Zuckerberg continues not to be swayed from his long-term vision.
The fourth quarter was particularly costly, with the division losing nearly $4.3 billion, which was also the largest quarterly loss within the department since financials for the business were first published., Meta founder and CEO Mark Zuckerberg was steadfast in the company’s metaverse strategy. Answering a question on the firm's efficiency in how it applies to Reality Labs he answered:
“None of the signals that I've seen so far suggest that we should shift the Reality Labs strategy long term.” He added that later in 2023 the company would launch another “next generation consumer headset” following the October 2022The Meta Quest Pro is the tech firm's latest, and most expensive, VR headset offering. Source:
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