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Meta's Metaverse is still losing the company billions
But the Facebook parent's virtual reality research and development unit, Reality Labs, reported shrinking losses
Reality Labs’ losses, while large, have shrunk considerably from last quarter (17%) and slightly from the prior year (3.7%) — even as it continues to be a big headache for Zuckerberg. “In this future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents’ living room to catch up. “We’ve made a lot of progress on our vision for advancing AI and the metaverse,” Mark Zuckerberg told investors on a call in February.
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