Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

Name: Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Uploaded: 2022-07-28T17:53:36Z
Duration: 5 min 328 s
Description: Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. “The Hash” panel discusses the tech giant’s Q2 earnings report and an outlook into the future of metaverse.

Jul 28, 2022

Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth.

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