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€“] DarkCloud@lemmy.world 11 points 2 days ago (1 children)

Billionaires must get some kind of brain rot from living in their own asses and huffing their own hype all day.