Zuckerberg’s Path to Metaverse Will Keep Losing Money
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Meta Platforms Inc. in its third-quarter earnings statement on Wednesday highlighted the path to the metaverse is expensive:
“We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year. Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.”