Reality Labs Bleeds Cash, but Meta’s Metaverse Story Isn’t Over
TL;DR Summary
Meta’s Reality Labs has posted over $80 billion in losses, but not all of that is from the metaverse—hardware like Quest headsets and Ray-Ban AI glasses account for much of the spending. Reality Labs will continue operating and burning money as Meta reframes its strategy: the metaverse isn’t dead, just evolving beyond headsets, while Zuckerberg shifts attention to AI and datacenters to build a more self-owned platform.
- Actually, Mark Zuckerberg didn't burn $80 billion on the metaverse Business Insider
- Opinion | Remember the metaverse? The Washington Post
- Meta backtracks on decision to end Horizon Worlds VR after fans speak up CNBC
- The Long Farewell to Mark Zuckerberg’s Metaverse The New York Times
- The Metaverse Was a $100 Billion Flop. It Should Make Us Think Twice About AI Predictions. Barron's
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