Will Meta continue to invest in Metaverse projects after losing $9.4 billion in 2022?

Meta has been criticized this year for putting billions into metaverse projects and losing $9.4 billion from Reality Labs during the first three quarters of 2022, yet it plans to Meta Corporation To put 20% of their total spending into Private Reality Labs palm metaverse In 2023, with half of that money going directly toward augmented reality (AR) initiatives, it’s about the same amount as last year, according to engadget.

Reality Labs has been significantly improving its platform, with more news about it expected in 2023, and it also plans to help Horizon Worlds “flourish”, presenting a Meta Question Gaming Showcase in the spring and unveiling Meta Quest 2 sometime in the year. next.


Virtual reality pioneer John Carmack recently left Meta, while criticizing the company’s lack of efficiency, and Meta likely wants to reassure users and investors alike that the company is continuing its trajectory on augmented reality, despite the challenges.

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