Mark Zuckerberg says that the grand metaverse business is losing billions of dollars, but that's just part of the plan.
Meta's Reality Labs lost its most recent $2.96 billion during the first quarter of the year.
The latest losses have cost a multinational technology company more than $10 billion, but CEO Mark Zuckerberg doesn't consider these expenses
ignificant. He believes that it's all part of the plan to construct the metaverse over the next decade.
Chief EXECUTIVE Officer
While we're focusing on the biggest opportunities and challenges of today, I think it's important to build the foundation for the next era of social technology as well,” Zuckerberg