Chart of the Day: The haunting of Meta

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Meta’s lost over $9 billion on Reality Labs this year so far

Meta reported?$3.67 billion?in operating losses from Reality Labs this past Q3, following a deficit of?$5.77 billion?in H1 2022. That’s a total of?$9.44 billion?in losses from Meta’s division for augmented and virtual reality (AR/VR) hardware and software.

Beyond the chart:?The company said it anticipates these losses will “grow significantly” in 2023, but it considers these losses an investment in long-term growth.

While Meta remains committed to the tech, as our principal analyst Yoram Wurmser writes, “there may not be enough potential VR users to support Meta’s vision of the metaverse.”

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