Meta Q2 earnings: Actuality Labs losses prime $7.7B yr thus far

Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Huge Tech participant spending $7.7 billion on its digital actuality enterprise up to now in 2023.

Its second-quarter 2023 outcomes launched on July 26 noticed Meta report an 11% income acquire in comparison with the identical quarter final yr, totaling $31.9 billion.

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