Mark Zuckerberg’s bet on the metaverse is off to an expensive start-2022
Meta, the company Zuckerberg created as Facebook, stated that its Reality Labs branch, which manufactures virtual reality goggles, smart glasses, and other yet-to-be-released goods, will lose more than $10 billion in 2021 as it grows the business.
These items are critical to Zuckerberg’s vision of the metaverse, a next-generation internet in which users exchange virtual worlds and experiences across many software and hardware platforms.
Meta unveiled the findings of its hardware section for the first time.