Meta, is trying to make Metaverse a routine part of daily life by introducing new virtual reality hardware. That said, the company has been key to hardware division Reality Labs since last year. investments made. However, according to the reports, there is no information about what the company uses the money for exactly. Here are the details
Meta spent more than $15 billion on Reality Labs
Parent company Meta, metaverse carried out important works to increase its activity. One of them was the Reality Labs division. Since the beginning of last year, the company Reality Labs Metaverse for the attempt more than $15 billion spent spending. However, the company did not share exactly what the money was spent on.
Experts are concerned that the company is spending so much money and not being transparent about it. A technology analyst “The problem is they spend the money, but the transparency with investors has been a disaster.” used his words.
Huge partnership between Meta and Microsoft!
Meta, which has taken serious steps on Metaverse recently, announced its partnership with Microsoft as well as mixed reality glasses.
Meta began disclosing financial information for Reality Labs last year. However, the company began to venture into the venture with no end to the apparent losses. more than $10 billion sunk explained. Company, More than $5 billion for the first six months of 2022 He also reported damage. Some analysts, on the other hand, think that the total losses for this year will be kept from last year.
Meta related, to make a comment refused. However, a company spokesperson said Meta did not disclose financial details for the Reality Labs segment. technology analyst Dan IvesHe said that the amount of money Meta has spent on Metaverse so far is extremely worrying, especially considering this week’s updates.
Another analyst Mark Zgutowicz For Reality Labs, he estimated that at least 60 percent of losses were spent building an entirely new world. “Until we all wear glasses that don’t make us look like aliens, there’s no real Metaverse, at least from a scalable perspective.”
In addition, the analyst stated that transparency would be much better if they knew how and when to get a return on this expenditure. He also pointed out that Meta has legitimate reasons to try to build everything themselves.
So, what do you think about Reality Labs spending? Do not forget to share your views with us in the comments section!