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Well done. Facebook (sorry, "Meta"): "Reality Labs has now lost more than $45 billion since the end of 2020, when Meta first began reporting the business segment separately."

Yes, billion with a B.

That's an insane amount of money. I don't even want to go into the whole "think how many hospitals could have been funded with that money".

https://www.cnbc.com/2024/04/24/metas-reality-labs-posts-3point85-billion-loss-in-first-quarter.html

On the upside, they are consistent in their idiocy and i was wrong to say they'd quietly stopped investing in it. Nope, still going.

in reply to αxel simon ↙︎↙︎↙︎

Quick reminder that @element built a metaverse that works better than anything Facebook has shown, for a fraction of the investment, and built entirely on free and open source technology including @matrix : https://thirdroom.io/

#Matrix #ThirdRoom