Meta lost $ 13.7 billion in 2022 through the meta-verse initiative

Meta lost $ 13.7 billion in 2022 through the meta-verse initiative
The Metaverse offer of Mark Zuckerberg proved to be expensive for the company in the middle of a continuing Baisse, since Reality Labs lost $ 13.7 billion in 2022.
According to the META winning announcement, the company's meta-verse branch recorded a loss of 4.28 billion in the fourth quarter, which pulls the total amount down for the year.
Facebook was renamed Meta in autumn 2021 when Zuckerberg doubled his efforts to create a digital universe where people can work, shop, play and learn. However, since the acceptance of Metaverse in 2022 due to the turbulent market conditions slowed down, the company's investors called for a limitation of expenses in this segment.
billions in meta -verse burn
Reality Labs generated $ 727 million in the fourth quarter, while its sales for the entire year was $ 2.16 billion, a decline compared to $ 2.27 billion in 2021. Despite the losses, the CEO has no plans to change its long-term course. He said
"Our priorities have not changed since last year. The two large technological waves that drive our roadmap are now AI and the meta personation in the long term."
The company delivered Quest Pro at the end of last year, which is the first mainstream mixed reality device. Zuckerberg emphasized that the focus would be on "offering better social experiences than is possible on telephones today".
It is expected that a next generation of the next generation called "Meta Reality" will be launched this year, of which the manager believes that it may "establish technology as the basis for all future headsets". The AR glasses are also sent at about the same time.
Zuckerberg further emphasized that there are more than 200 apps on VR devices that have managed to generate $ 1 million sales.
losses to continue?
The losses for reality labs are expected to stop. When answering a follow-up question during the telephone conference on the results, Meta-CFO Susan Li said that the company expects that the total annual losses for the Metaverse division will increase in 2023. According to the manager, the company plans to invest in this area “sensibly”, citing considerable long -term opportunities.
"It is a long -term investment, and our investments here are underpinned by the associated need to promote the growth of the overall operating profit while we make them."
In the meantime, Meta received approval from judge Edward Davila at the US district court for the northern district of California to acquire a virtual reality company-within.
The technology giant had planned to buy the company and its fitness app Supernatural in order to acquire a big threat to its meta-verse vision. To prevent the step, the Federal Trade Commission (FTC) submitted a lawsuit against Meta and Zuckerberg.
Although the federal judge rejected the injunction of the FTC, he issued an injunction to prevent Meta from completing the deal for at least one week.
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