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Title: Meta's Reality Labs Has Now Lost Over $60 Billion Since 2020

Link: https://meta.slashdot.org/story/25/05/01/2062...

Meta's Reality Labs posted a $4.2 billion operating loss in Q1 2025.
According to CNBC, cumulative losses since 2020 now exceed $60 billion. From
the report: Meta's Reality Labs unit is responsible for the company's Quest-
branded virtual reality headsets and Ray-Ban Meta Smart Glasses. It's the key
business unit that anchors CEO Mark Zuckerberg's plans to build a new
computing platform involving digital worlds accessible via VR and augmented
reality devices. [...] Wall Street has questioned Meta's big spending on the
metaverse, which Zuckerberg has said could take many years to turn into a
real business. The company must now also contend with sweeping new tariffs
from President Donald Trump and the likely increase in costs that will
follow, potentially leading to higher-priced devices. Last week, Meta said
that an unspecified number of Reality Labs employees were laid off. Those
workers were part of the Oculus Studios unit, which creates VR and AR games
and content for Quest VR headsets.

Read more of this story at Slashdot.

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