The Cost of the Metaverse

Mark Zuckerberg said his company was going all in on the metaverse last year – but recently, the revelation of the cost to make that transition has been an eye-whopper. Meta, Mr. Zuckerberg’s company that is soon to be an existent parallel universe – said that its Reality Labs division, which makes virtual-reality goggles, smart glasses, and the likes, lost more than $10 billion in 2021 in preparation for the big shift. […]