Meta’s Reality Labs division has bled $45B in just four years

As anticipation builds around artificial intelligence ahead of Big Tech earnings, Meta Platforms (META) finds itself in the spotlight. The company’s Reality Labs division, which specializes in augmented reality (AR), virtual reality (VR), and metaverse technologies, has lost nearly $45 billion since its inception in 2020.
Yahoo Finance senior reporter Yasmin Khorram offers an in-depth analysis of Meta’s Reality Labs unit, recounting testimonials from former employees and executives on the division’s financial performance and overall lack of direction and vision from leadership.
Meta is currently scheduled to report earnings next Wednesday, July 31.
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