According to the quarterly report, Facebook is losing money due to Metaverse and virtual reality spending.
Virtual reality, which has been studied for a long time, especially by game developers, has become a growing and developing sector. Especially as a result of Mark Zuckerberg’s Meta investment, it attracted more attention. With Meta Quest (formerly Oculus) headsets and Metaverse, which is trying to be created, it has also shown how virtual reality can provide opportunities to people outside of games. However, it is said that every good thing has a flaw, the flaw of virtual reality is that it is expensive. That’s virtual reality spending Facebook harm was one of the main reasons.
Facebook continues to suffer due to meta
In the past few days, for the first time in its history, it has been revealed that there has been a great decrease in the number of Facebook users. Now, it is on our agenda with the loss of Facebook. Reality Labs, Facebook/Meta’s department responsible for virtual reality applications, published a report together with the remaining departments of Facebook.
This report showed that in 2022, Reality Labs suffered a financial loss of $3 billion. A loss of $2 billion was also seen in the previous year. Of course, this does not mean that with virtual reality Facebook is making losses and not making a profit. It should not be forgotten that it achieved sales of 700 million dollars, an increase of 150 million dollars from the same period of 2021. Of course, even if this seems like a small number next to the money lost, such a loss was probably a result of Facebook/Meta’s increasing virtual reality breakthroughs.