Meta Reports $4.5B Loss in Metaverse Division Amid Strong Q2 Growth
In Q2 of this year, Mark Zuckerberg’s Meta Platforms suffered an additional $4.5 billion loss on its metaverse division, Reality Labs. Revenue for Meta’s second-largest quarter ever came in at $49 billion, up 22% year over year, according to an earnings call held on July 31. Moreover, Zuckerberg pointed out