The metaverse economy will lose money even more in 2019.

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Mark Zuckerberg and Facebook just gave Wall Street the proverbial big middle finger.

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According to the company, its metaverse business would lose even more money in 2017.

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Facebook has issued a caution that its Reality Labs metaverse company may see increased losses in 2023.

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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.

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Even though Wall Street is pleading with Facebook to reduce costs,

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The social media giant is continuing to invest heavily in creating the metaverse.

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the division of Facebook that manages everything metaverse,

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had cost them more than $9 billion so far this year, including roughly $4 billion in just the third quarter

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THANKS FOR READING

[{"selector":"#anim-26b5cb21-e8c1-448f-85a2-e5043d73f114","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2b4ad15-1572-4b69-bbf0-227b4642d949","keyframes":{"transform":["translate3d(113.92405%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] King Charles needs to "rein in" the Duchess's claim Arrow SWIPE UP