Reported 3 months ago
Meta's Reality Labs reported a staggering loss of $4.5 billion in the second quarter, raising concerns among former employees regarding the division's future. Despite ambitious investments in augmented and virtual reality technologies, numerous insiders indicate a lack of clear vision and expertise has contributed to ongoing financial struggles. As competition increases and market demand wanes, internal doubts grow over the viability of Reality Labs’ innovative projects.
Source: YAHOO