this post was submitted on 31 Jul 2025
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Virtual Reality

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Meta's Reality Labs posts $4.53 billion loss in second quarter (www.nbcdfw.com)
submitted 2 days ago by MyOpinion@lemmy.today to c/virtualreality@lemmy.world
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Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money.

The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.

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[โ€“] Valmond@lemmy.world 18 points 2 days ago (8 children)

Ha ha ha ha what the actual fuck?

Give me 1 single million (a year if you're generous) and I could build your stupid metaverse.

How can they spend so much money?

[โ€“] DarkCloud@lemmy.world 3 points 2 days ago

There's gotta be a sunken cost thing going on, throwing good money after bad.

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