Metaverse division's $4B loss drags on constructive first quarter for Meta

Meta suffered an almost $4 billion loss from its metaverse unit with Actuality Labs in what was in any other case a strong first quarter for the Mark Zuckerberg-led social media empire which posted a closing revenue of $5.7 billion.

Whereas the $4 billion loss follows a $14 billion loss in 2022, Zuckerberg defined within the earnings report that Actuality Labs will probably endure extra losses within the the rest of 2023.

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