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Meta reports Q2 operating loss of $2.8B for its metaverse division : technology

by /u/moxyte
July 27, 2022
in Technology
Reading Time: 1 min read
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Some folks listed here are mistakenly pondering that is some sort of downfall.

That is funding. It isn’t a failing or a loss until they cannot recoup the funding in a while.

Apple is investing a really comparable quantity, little question, into the identical factor. The metaverse division is nearly fully simply {hardware} R&D or firm acquisitions. Maybe a really small share is devoted to the metaverse itself, as they’re largely in speaking level levels proper now for that.

VR/AR expertise would require tens of billions of {dollars} to do R&D on. That is simply how it’s. There is not a extra innovative client expertise to work on than this house, and that is why it prices a lot.



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Tags: 28BDivisionlossMetaMetaverseOperatingReportstechnology
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