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Meta Loses 80,000 Mdd with the Metaverse and Turns to Ai and Wearables
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The metaverse did not die completely. Although it represented great losses of money, especially for Meta, it laid the foundation for new technologies. Meta is the company that most bet on the metaverse, but also the one that suffered the most. According to official data from the company, Reality Labs, its increased and virtual reality division, has accumulated losses close to $80 billion since 2020. In the most recent quarter alone, the business…
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