Reported about 18 hours ago
Meta CEO Mark Zuckerberg stated that 2025 will be a pivotal year for the metaverse, despite the company's Reality Labs division facing over $60 billion in losses since 2020. The division reported a $5 billion loss in Q4 and a total of $17.7 billion for 2024, even as Quest and Horizon user numbers rise. Analysts express skepticism about making the metaverse profitable in the near term, pointing to high hardware costs and the complexity of augmented reality development. Meta plans significant investments in AI as part of its strategy moving forward.
Source: YAHOO