Meta reported that its fourth-quarter results showed its biggest loss yet for its metaverse division, and it reminds us that Mark Zuckerberg’s vision of the metaverse is still very expensive.
The company’s losses in its VR division (Meta Reality Labs) hit $4.279 billion in the fourth quarter, compared with an operating loss of $3.304 billion in the same quarter a year ago. But the stock price is going up in after-hours trading as the results were better than expected.

Unlock premium content and VIP community perks with GB M A X!
Join now to enjoy our free and premium membership perks.