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Meta Reality Labs metaverse division has lost $18 billion since 2020

The metaverse is very, very expensive; Facebook's Reality Labs division has posted operational losses of $18 billion since 2020.

Meta Shares Surge After Facebook Ekes Out User Growth

(Reuters) - Facebook rebounded from a drop in users early this year and its parent Meta (FB.O) posted a profit ahead of Wall Street targets, defying low investor expectations with a quarter

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