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Meta's virtual worlds development caused a loss of $5.7 billion

Meta's virtual worlds development caused a loss of $5.7 billion

Meta Platforms Inc. multinational holding company's losses related to metaverse developments totaled $5.77 billion for the first half of 2022.

According to the Reality Labs group's quarterly report, the holding company's division recorded a loss of $2.8 billion for the second quarter, representing a 15% increase over the loss incurred a year ago - as of June 30, 2021, the loss was $2.43 billion. It was also reported quarterly revenue of $452 million, which is 35 percent less than the $692 million it earned in the first three months of the year.

Reality Labs is a separate division of Meta Platforms Holding, which develops and manufactures hardware and software for virtual reality (VR), augmented reality (AR), and metaverses.

Meta announced its virtual universe development back in 2021. Under the plans of the Metaverse developers, its users would have realistic avatars and houses like their real homes, and they would be able to bring real objects into the Metaverse. The company also said it was working on technology that would allow Metaverse users to create messages generated by "power of thought".

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Sergeifocusnik about @Kravox
Виталик сказал что на сегодняшний день метавселенная, невозможна. Стало быть, это всё мошенничество!!!