Meta has spent $10 billion on its metaverse by 2021. This was dragging down the profits.
Profits for the quarter fell 8 percent, or $10.3 billion, down from one year earlier. The stock of Meta fell approximately 22 percent in late-night trading. Mark Zuckerberg said his company was planning to go all-in on the metaverse in the past year. He spoke on Wednesday and laid out the costs associated with making the change. Meta The …
Meta has spent $10 billion on its metaverse by 2021. This was dragging down the profits. Read More »