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Cryptopolitan 2024-02-02 05:57:36

Meta’s Reality Labs reports significant quarterly loss despite strong revenue

Meta, the parent company of Facebook, reported its fourth-quarter results on February 1, revealing a substantial loss in its mixed-reality division, Reality Labs, despite impressive revenue figures. This development has raised questions about the company’s ongoing investments in augmented and virtual reality (AR/VR) technology, as it anticipates a meaningful increase in losses for the upcoming

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