Meta Lost $13.7 Billion on Reality Labs in 2022

Speaking of Meta’s quarterly results:

In its earnings report after the bell on Wednesday, Meta said its Reality Labs division, home to the company’s virtual reality technologies and projects, posted a $4.28 billion operating loss in the fourth quarter, bringing its total for 2022 to $13.72 billion.

As my recent writing suggests, I’m not sure what to expect from Apple’s upcoming headset. I sure as shit don’t expect them to lose $14 billion a year on it though.

★ Thursday, 2 February 2023