Meta's Reality Labs Has Now Lost Over $60 Billion Since 2020 (cnbc.com)
(Thursday May 01, 2025 @05:20PM (BeauHD)
from the that's-B-for-billion dept.)
- Reference: 0177243489
- News link: https://meta.slashdot.org/story/25/05/01/206224/metas-reality-labs-has-now-lost-over-60-billion-since-2020
- Source link: https://www.cnbc.com/2025/04/30/metas-reality-labs-posts-4point2-billion-loss-in-first-quarter.html
Meta's Reality Labs [1]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.
[1] https://www.cnbc.com/2025/04/30/metas-reality-labs-posts-4point2-billion-loss-in-first-quarter.html
> 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.
[1] https://www.cnbc.com/2025/04/30/metas-reality-labs-posts-4point2-billion-loss-in-first-quarter.html
Zuckerberg's Bad Idea vs Wall Street Logic (Score:2)
by nightflameauto ( 6607976 )
It's a battle of wits where neither side has the weaponry to compete!
Zuckerberg: "Second Life seems cool. I can do it better, except not at all." Fail.
Wall Street: "Profit now, profit later, profit always. It's the only thing that will ever matter, and humanity's purpose." Fail
Normally I'd just rail at Wall Street's shortsightedness, but in this particular case I can't really say that either side has a lock on something with potential. Wall Street is shortsighted, yes, but Zuckerberg is deluded. It's a clas
most money ever spent (Score:2)
by awwshit ( 6214476 )
That is the most money ever spent on cartoons without legs.
Shouldn't be spent and not lost? (Score:2)
by zawarski ( 1381571 )
Lost implies it was just misplaced and waiting to be found, like between a couch cushion or something.
In totally unrelated news... (Score:2)
[1]https://tech.slashdot.org/stor... [slashdot.org]
[1] https://tech.slashdot.org/story/25/05/01/1445212/meta-now-forces-ai-data-collection-through-ray-ban-smart-glasses