Reality Check: Meta's $45 Billion Gamble on the Metaverse
Is Meta's massive investment in Reality Labs a visionary leap or just a colossal cash burn?
Meta’s Reality Labs division, tasked with developing AR, VR, and metaverse technologies, has lost nearly $50 billion in just over four years. Insiders attribute this staggering loss to chaotic management, frequent reorganization, and leaders lacking expertise in AR and VR.
Despite Zuckerberg’s vision, Reality Labs struggles with poor product adoption and declining revenue. This significant financial drain raises questions about Meta's balance sheet and the future viability of its ambitious metaverse project.
Can Meta pivot successfully and balance its investment in AI with the ongoing losses at Reality Labs?
Read the full article on Yahoo Finance.
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