Meta metaverse division Q4 losses nearly $5 billion, cumulative losses since 2020 have exceeded $60 billion

PANews, January 30th news, according to CNBC, Meta disclosed in its latest financial report that its metaverse Reality Labs division recorded an operating loss of $4.97 billion and sales of $1.1 billion in the fourth quarter of 2024. Although the loss is lower than the analysts' expectation of $5.4 billion, Reality Labs has accumulated losses of over $60 billion since 2020. Last week, Meta announced plans to invest $60 to $65 billion in AI-related computing infrastructure by 2025. Since Meta CEO Mark Zuckerberg acquired Oculus for $2 billion in 2014, he has regarded VR and AR as the core technologies for building the metaverse. However, Wall Street has raised doubts about Meta's massive investment in the metaverse field.