Meta Platforms Inc.'s Reality Labs reported a revenue of $270 million for the third quarter of 2024, accompanied by a significant operating loss of $4.4 billion. This loss contributes to an alarming total of over $12.7 billion in losses for the division during the current fiscal year. The company has indicated that it anticipates operating losses in Reality Labs to increase meaningfully year-over-year, raising concerns about the division's efficiency and long-term viability.