Meta lost $3.85 billion on the metaverse in the first quarter of 2024 alone. You know, that thing we all laughed about a couple years ago and next to no one actually uses.

It’s burned $45 billion on the metaverse since the end of 2020.

https://www.cnbc.com/2024/04/24/metas-reality-labs-posts-3point85-billion-loss-in-first-quarter.html

#tech #meta #metaverse #vr

Meta's Reality Labs posts $3.85 billion loss in first quarter

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

^{Alex Koller (CNBC)}