Mark Zuckerberg Keeps Metaverse Bet Big Despite Losing $13.7 Billion in 2022
Reality Labs, the metaverse-focussed division of Meta, lost $13.7 billion (roughly Rs. 1,12,200 crore) last year. Between September and December last year, Meta’s metaverse unit recorded its largest quarterly loss that amounted to $4.3 billion (roughly Rs. 35,200 crore). Despite these staggering losses, Mark Zuckerberg’s hopes pinned to the metaverse have stayed unaffected. The Meta … Read more