In the second quarter of this year, Mark Zuckerberg's Meta Platforms lost another $4.50 billion on its meta-universe business, Reality Labs, and its meta-universe loss in capital has increased to nearly $60 billion since 2019.
During its second-quarter earnings call on July 31, Meta reported that its revenue beat expectations to $49 billion, up 22% from the same period last year and the second-largest quarter ever.
Meta invested another $4.50 billion in meta-universe in Q2 to prepare for AI growth
2024-08-01 04:26:24
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