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Geralt of Sanctuary

Facebook has lost  billion on VR every month since June 2022

Facebook has lost $1 billion on VR every month since June 2022

Facebook’s parent company Meta made a lot of money in the last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means the Metaverse-focused division has been losing $1 billion per month since June 2022, and Meta expects to continue losing billions to VR. The anime series ...

Geralt of Sanctuary

Facebook’s VR division lost .72 billion in 2022

Facebook’s VR division lost $13.72 billion in 2022

picture: Kotaku/Shutterstock/Kevin Dietsch (Getty Images) Facebook’s parent company Meta is having a decent day today after beating revenue and user activity forecasts for the final fiscal quarter of 2022. But their VR division doesn’t help the company make money. In fact, it’s costing the company billions of dollars in losses. It’s true that Meta’s stock ...