Mark Zuckerberg's Metaverse Losses Surpass Fortune 100 Companies

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.
- Mark Zuckerberg’s $46.5 billion loss on the metaverse is so huge it would be a Fortune 100 company—but his net worth is up even more than that Fortune
- Zuckerberg's $47 Billion Metaverse Loss Is Bigger Than Ford, Hershey Markets Insider
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- Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz Business Insider India
- View Full Coverage on Google News
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