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In just over four years, $META's Reality Labs division — focused mainly on its products in AR, VR, and the metaverse — has lost as much money as the market caps of $SNAP and $PINS combined. Inside the $45 billion cash burn at Reality Labs. ⬇️ https://t.co/Puqdamt0v6
In just over four years, $META’s Reality Labs division — focused mainly on its products in AR, VR, and the metaverse — has lost as much money as the market caps of $SNAP and $PINS combined. Inside the $45 billion cash burn at Reality Labs. ⬇️ https://t.co/3FcOo653Iq
🫵 Join the https://t.co/KFY5DDVuGw 😎 »Mark #Zuckerberg's #metaverseadventure may finally be running #outofcash.« https://t.co/1HZ4RLfLOE #Metaverse #VirtualWorlds #VR #AR #MR
Meta Platforms Inc.'s Reality Labs division has incurred significant financial losses, totaling nearly $50 billion over the past four years. This amount is comparable to the combined market capitalizations of Snap Inc. and Pinterest Inc. The division focuses on augmented reality (AR), virtual reality (VR), and metaverse products. Reports indicate that the cash burn at Reality Labs has reached approximately $45 billion, highlighting the immense financial strain on Meta as it invests heavily in these emerging technologies.