Meta stock mauled as Facebook reports billions in metaverse losses

<img width="1280" height="800" src="https://cdn.slashgear.com/wp-content/uploads/2022/02/oculus-quest-2.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Oculus Quest 2" loading="lazy" style="margin: auto;margin-bottom: 5px;max-width: 100%" data-attachment-id="710287" data-permalink="https://www.slashgear.com/meta-stock-mauled-as-facebook-reports-billions-in-metaverse-losses-02710239/oculus-quest-2-7/" data-orig-file="https://cdn.slashgear.com/wp-content/uploads/2022/02/oculus-quest-2.jpg" data-orig-size="1280,800" data-comments-opened="0" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="oculus-quest-2" data-image-description="" data-image-caption="

Meta

” data-medium-file=”https://cdn.slashgear.com/wp-content/uploads/2022/02/oculus-quest-2-1152×720.jpg” data-large-file=”https://cdn.slashgear.com/wp-content/uploads/2022/02/oculus-quest-2.jpg” />Meta, the company formerly known as Facebook and currently desperate to make the metaverse happen, has reported its Q4 and full year 2021 results, and if you thought the Oculus rebrand was bad then you haven’t seen the company’s VR losses. CEO Mark Zuckerberg put on a brave face for the 2021 financials, claiming to be “encouraged by the progress” … Continue reading

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