According to Meta, the metaverse will lose even more money in 2023

This is crucial since Meta’s big investment in Reality labs has already cost the corporation money. Meta claimed earlier this year that it will lose $10 billion in 2021 on Reality labs. The business also announced that the “next iteration of our consumer Quest headset” would be released “later next year,” implying a Meta Quest 3.

However, CEO Mark Zuckerberg said that investing in “the future computer platform” was still a major priority. “This is a tremendous operation, and it will often take many generations of each product before they become popular,” he said. “However, I believe that our work here will be historic in nature, laying the groundwork for a completely new manner for us to engage with one another and integrate technology into our lives.”