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Meta beats revenue expectations, remains committed to metaverse

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Meta beats revenue expectations, remains committed to metaverse

Image Credits: TechCrunch Meta isn't expecting Reality Labs to make money yet, but investors have voiced concerns that this hefty investment might not pay off. Zuckerberg's interest in ongoing AI development might quiet some of those worries — Meta's stock price has increased, for one — but the metaverse is still bleeding money. Reality Labs, Meta's department for VR and AR, lost nearly $4 billion this quarter. In all of last year, it lost $13.7 billion.

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Meta beats revenue expectations, remains committed to metaverse

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Meta beats revenue expectations, remains committed to metaverse

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