Meta Platforms has transformed from a social network into a technology company focused on AI and the metaverse, yet its Reality Labs division has suffered massive losses exceeding $60 billion since 2021. Although Meta's advertising revenues and social media platforms, like Facebook and WhatsApp, generated a profit of $21.8 billion in one quarter, this masked the significant ongoing losses from Reality Labs. As losses continue to grow, investors are left debating the potential long-term success of Meta's foray into the metaverse.
Meta's Reality Labs has incurred over $60 billion in losses, overshadowing strong profits from its social media platforms and raising questions about future viability.
Despite strong revenue growth from its core social media platforms, Meta's substantial investment in the metaverse has resulted in a staggering $62 billion in cumulative losses for Reality Labs.
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