Mark Zuckerberg’s dream of one other way around cost him in the most recent financial quarter nearly three billion dollars. This is according to the company’s latest financial report meta from. This includes reporting on the Reality Labs division, the responsible department for virtual reality and the legendary Metaverse in the Metakosmos. In the first financial quarter the same division $2.96 billion burnt.
At the same time, there was “only” a turnover of $ 695 million. The trend is by no means new. 2021 was already here $10.2 billion loss did. The current quarterly figures are therefore no big surprise. Despite this, the Meta company is by no means headed for bankruptcy. Despite the reality labs, the company made a profit of more than $25 billion.
Facebook and “Meta”
The Metaverse is one of the most controversial topics in the gaming landscape. Mark Zuckerberg’s idea of a virtually all-encompassing parallel world in the form of virtual reality is met with great skepticism and disgust from many. Still, people seem to remain firmly convinced of the concept. After all, last year they rebranded the entire company from Facebook to Meta. The share price suffered greatly from this decision. The social media platform also lost users for the first time last February.
The Future of the Metaverse
The question also arises to what extent this investment will ever be worth it for the Meta company. At least at this point, it doesn’t look like all of society will suddenly feel the need for a parallel virtual reality world created by Mark Zuckerberg. We could therefore continue to report on the astronomical amounts that are currently pouring into the project.
Sources: Kotaku, Venture Beat, Game developer