Mark Zuckerberg's Metaverse Losses Surpass Fortune 100 Companies

1 min read
Source: Fortune
Mark Zuckerberg's Metaverse Losses Surpass Fortune 100 Companies
Photo: Fortune
TL;DR Summary

Meta's Reality Labs division, responsible for developing the metaverse, has reported losses of $46.5 billion since 2019, surpassing the revenue of major companies like Best Buy, Bristol-Myers Squibb, and United Airlines. Despite this, Mark Zuckerberg's net worth has increased by 130% this year, reaching $105 billion, largely due to the rise in Meta stock. The company remains committed to the metaverse, aiming to integrate its innovations into its existing apps. While Meta's overall business is profitable, the Reality Labs division is expected to incur higher operating losses in 2022.

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