Featured image of post Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing
losses net labs

Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing

Those losses for 2021 are in line with what Zuckerberg said last year he expected to invest in Reality Labs.

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Those losses for 2021 are in line with what Zuckerberg said last year he expected to invest in Reality Labs.

Highlights

  • Facebook’s parent company revealed the financials of its Reality Labs division in its fourth-quarter 2021 earnings report Wednesday.
  • Reality Labs is tasked with building CEO Mark Zuckerberg’s vision for the metaverse.
  • The company would have had more than $56 billion in profit for all of last year had it not been for Reality Labs.
  • The losses for 2021 are in line with what Zuckerberg said last year he expected to invest in Reality Labs.
  • And the losses will likely only get bigger this year, the company’s CFO said Wednesday he expects operating losses to “increase meaningfully” in 2022, the CFO told a press conference in New York.

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