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Meta Reality Labs division just lost a ton of money


Facebook’s change of plans and new direction for the Metaverse is messy as the Meta Reality Labs division, the company’s hardware efforts, and other metaverse initiatives, will be cutting a lot of their projects. Meta CEO Andrew Bosworth told employees in the company that the company is not able to afford a lot of the work they planned and other projects will also be postponed.

Cr: VentureBeat

This news is a very big blow to the company’s ambitious plan to change the direction of the company around VR and the Metaverse, rather than the social networking websites they currently own. The company lost $10 billion on reality labs in 2021, planning to hire a lot fewer employees in 2022 than in previous years.

The company is still plugging in at Project Cambria, their high-end VR headset, expected to come out later this fall. Mark Zuckerberg teased a lot of details about the past through color technology for the device, enabling developers to build a whole new level of mixed reality experience.

Even though the company is excelling a lot at technology, their Pivot to the Metaverse really seems to be messy and is not going according to plan, but we hope to see them rise out of the hard times and bring out their technology to the world that will hopefully change it all.

Meta Reality Labs division just lost a ton of money

Meta Reality Labs division just lost a ton of money


Facebook’s change of plans and new direction for the Metaverse is messy as the Meta Reality Labs division, the company’s hardware efforts, and other metaverse initiatives, will be cutting a lot of their projects. Meta CEO Andrew Bosworth told employees in the company that the company is not able to afford a lot of the work they planned and other projects will also be postponed.

Cr: VentureBeat

This news is a very big blow to the company’s ambitious plan to change the direction of the company around VR and the Metaverse, rather than the social networking websites they currently own. The company lost $10 billion on reality labs in 2021, planning to hire a lot fewer employees in 2022 than in previous years.

The company is still plugging in at Project Cambria, their high-end VR headset, expected to come out later this fall. Mark Zuckerberg teased a lot of details about the past through color technology for the device, enabling developers to build a whole new level of mixed reality experience.

Even though the company is excelling a lot at technology, their Pivot to the Metaverse really seems to be messy and is not going according to plan, but we hope to see them rise out of the hard times and bring out their technology to the world that will hopefully change it all.

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