Meta Reports Significant Losses In Reality Labs Amid Metaverse Investments

According to PANews, Meta's latest financial report reveals that its Reality Labs division recorded an operating loss of $4.97 billion in the fourth quarter of 2024, with sales amounting to $1.1 billion. Although the loss was less than analysts' expectations of $5.4 billion, Reality Labs has accumulated losses exceeding $60 billion since 2020. Last week, Meta announced plans to invest between... source: https://www.binance.com/en/square/post/19622510038482?utm_source=BinanceNewsRSS