October 30, 2022
will lose money even more in 2019.
and Facebook just gave Wall Street the proverbial big middle finger.
According to the company
, its metaverse business would lose even more money in 2017.
Facebook has issued
a caution that its Reality Labs metaverse company may see increased losses in 2023.
The corporation expects
to spend more than $10 billion on this project this year.
The company's stock
fell to its lowest point since 2016.
Even though Wall Street is pleading with Facebook to reduce costs,
The social media giant is continuing to invest heavily in creating the metaverse.
the division of Facebook that manages everything metaverse,
had cost them more than $9 billion so far this year, including roughly $4 billion in just the third quarter
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