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What costs less than the $ 20 billion lost by Facebook on the metaverse

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Meta’s losses from its Reality Labs project total nearly $20 billion since last year, with no end in sight. Many investors were surprised to learn that Meta planned to spend even more on the Metaverse in 2023. Put into perspective, the losses exceeded the combined market capitalizations of 4 major US airlines.

Meta’s losses from its metaverse project continue to mount.

The tech giant reported $10 billion in losses from the project last year and now more than $9 billion in the third quarter of 2022. The company said it plans to increase spending further in the year next.

Meta said it spends the huge amount of money on research, development, and employee-related costs, but the exact details of where that money is going are unclear.

Meta’s accumulated losses have come under scrutiny after some found CEO Mark Zuckerberg’s latest update on the company’s progress disappointing. One analyst called the company’s push into the metaverse “desperate.”

The high price tag of Mark Zuckerberg’s metaverse project seems even more substantial when put into perspective.

Here are some other amazing things that cost less than the amount Meta has reported as losses on its Reality Labs project since last year.

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