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Bitcoinist
2022-07-28 13:41:38

Meta Sheds $2.8 Billion In Virtual Reality Division This Q2 – More Losses Ahead?

Meta Sheds $2.8 Billion In Virtual Reality Division This Q2 – More Losses Ahead?

The performance of Meta Platforms during the second quarter of this year was not merely disappointing for Facebook. It is the first time the social media giant has experienced a massive drop in annual income. The company reported on Thursday that its segment, called Reality Labs, which focuses on the metaverse experienced quarterly losses of $2.81 billion. […]

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