Meta Lost $13.7 Billion on Reality Labs in 2022
Speaking of Meta’s quarterly results:
In its earnings report after the bell on Wednesday, Meta said its
Reality Labs division, home to the company’s virtual reality
technologies and projects, posted a $4.28 billion operating loss
in the fourth quarter, bringing its total for 2022 to $13.72
billion.
As my recent writing suggests, I’m not sure what to expect from Apple’s upcoming headset. I sure as shit don’t expect them to lose $14 billion a year on it though.
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Speaking of Meta’s quarterly results:
In its earnings report after the bell on Wednesday, Meta said its
Reality Labs division, home to the company’s virtual reality
technologies and projects, posted a $4.28 billion operating loss
in the fourth quarter, bringing its total for 2022 to $13.72
billion.
As my recent writing suggests, I’m not sure what to expect from Apple’s upcoming headset. I sure as shit don’t expect them to lose $14 billion a year on it though.