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lemmy - Link to source

Meta burned $19 billion on VR last year, and 2026 won’t be any better | TechCrunch

Meta burned $19 billion on VR last year, and 2026 won’t be any better | TechCrunch

The reported financial losses follow a series of layoffs at the VR unit.
Lucas Ropek (TechCrunch)
#technology
in reply to tfowinder

ShinkanTrain
lemmy - Link to source
ShinkanTrain
• •

I assume part of it was the very common corpo strategy of selling at a loss to kill all competition, then worry about a profitable business model later.

Turns out there isn't a path to making the amount of money Meta wanted to make in VR.

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