Meta, formerly Facebook, looks like it’s chasing an expensive will o’ the wisp – the Metaverse. The 52% fall in Q3 profits came not only from a fall in ad revenue but from the $9.4 billion lost, so far this year, by Reality Labs – its Metaverse unit. Last year the unit lost $10 billion. …
The post The Costly Will O’ The Wisp appeared first on Electronics Weekly .