Friday, February 23

Reality Labs, A Division Of Meta, Is Losing Money

Today in News By The Numbers, we feature Meta losses of $3.67 billion in the third quarter.  Despite this, CEO Mark Zuckerberg is doubling down on the Metaverse and warning of more losses to come. He told investors to expect the money-losing to "grow significantly."  Even before the mounting losses were announced one investor called Zuckerberg's Metaverse gamble "super-sized and terrifying."