Zuckerberg unfazed about $2.8B metaverse division loss in Q2
Cointelegraph
Published Jul 27, 2022 10:06PM ET
Updated Jul 28, 2022 01:00AM ET
Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a "massive opportunity.
During Meta’s Q2 earnings call on July 27, Zuckerberg acknowledged that such losses could continue for several more years until VR applications and its Metaverse platform are mature enough to tap into the “massive opportunity” worth “hundreds of billions of dollars”
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Written By: Cointelegraph
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