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Meta has lost $45bn on #Metaverse since 2020. #Meta could have bought #Twitter and still had $1bn left in the bank.
https://www.cnbc.com/2024/04/24/metas-reality-labs-posts-3point85-billion-loss-in-first-quarter.html
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)
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
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)
Presented by Gudule Lapointe tonight: W4OS and 2do
Content warning: An OpenSim plug-in for WordPress and an OpenSim event calendar; CW: long (834 characters)
