Meta reported a $4.4 billion loss in its Reality Labs division, with only $270 million in revenue, raising concerns about its long-term profitability.
Despite strong earnings of $6.03 per share and a revenue increase to $40.6 billion, the stock fell 3%, reflecting investor anxiety over spending.
CEO Mark Zuckerberg's metaverse vision remains costly, with Reality Labs expected to incur increasing losses through 2025, prompting scrutiny from investors.
As rivals like Apple retreat from competing in reality labs, Meta's financial burdens spotlight ongoing vulnerabilities in its substantial metaverse investments.
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