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Meta Gets Green Light To Continue VR Push Despite Massive Losses

The post Meta Gets Green Light To Continue VR Push Despite Massive Losses appeared first on Newstrail.com authored by

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By Colette Bennett Get ready to exercise in virtual reality with Meta. If you’ve been wondering why Meta (META) – Get Free Report CEO Mark Zuckerberg is clinging to the idea of building a metaverse like a drowning man holding fast to the last available lifeboat, you aren’t the only one. But while Zuckerberg’s headstrong vision has yielded some measure of success — the Meta VR headset Meta Quest 2 had raked in $1.5 billion in total by 2022’s end — that doesn’t compare to the $36 billion that’s been poured into Reality Labs so far. And with 11,000 layoffs just announced in November, it’s clear…

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Meta Gets Green Light To Continue VR Push Despite Massive Losses

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