In the first three months of 2023, Facebook’s Reality Labs division, i.e. its forays into AR, VR and metaverse-related software, recorded an operating loss of $4.0 billion, following an eye-watering total of $13.7 billion in 2022. That’s on top of a $10.2 billion loss in 2021, $6.6 billion in 2020 and $4.5 billion in 2019, …
The post The Money Pit appeared first on Electronics Weekly .