Meta’s Reality Labs loses record $4.65 billion ahead of Apple's Vision Pro launch
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to sink billions of dollars a quarter into developing the metaverse, and is just now facing its first real competitive threat from Apple.In its fourth-quarter earnings report Thursday, Meta said its Reality Labs unit recorded an operating loss in the period of $4.65 billion. Analysts were expecting a loss...
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