On the company’s fourth-quarter earnings call, Meta CEO Mark Zuckerberg didn’t waver from his Metaverse plans despite Reality Labs suffering an unprecedented loss.
Reality Labs is losing $13.7 billion in 2022, but Meta is moving forward with its Metaverse plans. Reality Labs is Meta’s metaverse business unit, focused on virtual and augmented reality. Additionally, Reality Labs is building platforms like Horizon Worlds.
Essentially, Meta still believes that their investment in Reality Labs will pay off in the future. Zuckerberg said on a conference call:
harsh reality
Meta’s Reality Labs is currently in the red. In the fourth quarter, the division suffered his $4.3 billion loss. In fact, this is the largest quarterly loss for the division to date.
Despite these realities, Susan Li, Meta’s Chief Financial Officer, sees a bright future for Meta’s Reality Labs. In addition, Mr. Li expects further losses in the business.
she said:

Meta fights back
There are still reasons why meta can be hilarious. In fact, Meta’s total revenue for the fourth quarter was $32.1 billion..
As a result, meta stock prices are rising againand Meta have jumped about 40% since their quarterly earnings releases.
Meta’s new headset
Zuckerberg also plans to unveil a new ‘next-generation consumer headset’ Late 2023Currently, Meta’s latest VR headset offering is the Meta Quest Pro.
Meta Quest Pro offers new features such as mixed reality with full-color video feeds and face tracking with the inner camera.
Today, Reality Labs shows no signs of slowing down and is fully committed to its vision for the future of the Internet.
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