5 ms·
FB started sinking money into the Metaverse long before that.
by jryhjythtr 4y ago
FB started sinking money into the Metaverse long before that.
- matwood 4y agoNot at the same scale. It's been accelerating and continues to accelerate. From another announcement today: > "We continue to anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year," https://www.marketwatch.com/story/meta-lowers-expense-forecast-for-next-year-as-it-announces-broad-layoffs-2022-11-09 https://www.marketwatch.com/story/meta-lowers-expense-foreca... Everyone wants to dance on Meta's grave, but it's way too soon. Yes, the Apple change gave them a top line haircut, but if the RL spend is excluded, they are making a ton of money. I'd also argue that the real headwinds are the general economy and TikTok.
- jryhjythtr 4y ago>the real headwinds are the general economy and TikTok Right, and not Apple's actions.