{"id":840175,"date":"2024-08-02T10:21:54","date_gmt":"2024-08-02T04:51:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840175"},"modified":"2024-08-02T10:21:54","modified_gmt":"2024-08-02T04:51:54","slug":"facebook-parent-metas-metaverse-unit-continues-to-lose-billions","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/facebook-parent-metas-metaverse-unit-continues-to-lose-billions\/","title":{"rendered":"Facebook-parent Meta&#8217;s metaverse unit continues to lose billions"},"content":{"rendered":"<p>Meta&#8217;s Reality Labs continues to lose billions of dollars. The company has revealed that Reality Labs \u2013 the Facebook parent company\u2019s unit that develops virtual reality (VR) and augmented reality (AR) hardware and software \u2013 posted a $4.5 billion loss in second quarter 2024 (Q2 2024).<br \/>\nAccording to a report by CNBC, Meta\u2019s Reality Labs unit has posted cumulative losses of about $50 billion since late 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta&#8217;s Reality Labs continues to lose billions of dollars. The company has revealed that Reality Labs \u2013 the Facebook parent company\u2019s unit that develops virtual reality (VR) and augmented reality (AR) hardware and software \u2013 posted a $4.5 billion loss in second quarter 2024 (Q2 2024). According to a report by CNBC, Meta\u2019s Reality Labs unit has posted cumulative losses of about $50 billion since late 2020.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-840175","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840175"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840175\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}