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