{"id":438615,"date":"2022-04-28T04:59:51","date_gmt":"2022-04-28T01:59:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/metas-reality-labs-posts-2-9b-loss-i-recognize-its-expensive-says-zuck\/"},"modified":"2022-04-28T04:59:51","modified_gmt":"2022-04-28T01:59:51","slug":"metas-reality-labs-posts-2-9b-loss-i-recognize-its-expensive-says-zuck","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/metas-reality-labs-posts-2-9b-loss-i-recognize-its-expensive-says-zuck\/","title":{"rendered":"# Meta\u2019s Reality Labs posts $2.9B loss: &#8216;I recognize it\u2019s expensive&#8217; says Zuck"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2468553059f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2468553059f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/metas-reality-labs-posts-2-9b-loss-i-recognize-its-expensive-says-zuck\/#%E2%80%9D_Metas_Reality_Labs_posts_29B_loss_%E2%80%98I_recognize_its_expensive_says_Zuck_%E2%80%9C\" >&#8221; Meta\u2019s Reality Labs posts $2.9B loss: &#8216;I recognize it\u2019s expensive&#8217; says Zuck &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Metas_Reality_Labs_posts_29B_loss_%E2%80%98I_recognize_its_expensive_says_Zuck_%E2%80%9C\"><\/span>&#8221; Meta\u2019s Reality Labs posts $2.9B loss: &#8216;I recognize it\u2019s expensive&#8217; says Zuck &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTZiYTA1MzQtMThmYS00MDNjLWI3ODAtMDA0MjA4ODA0NDliLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Meta Platforms Inc., formerly known as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses.<\/p>\n<p>The Reality Labs division \u2014 formerly known as Facebook\u2019s Oculus division \u2014 has been spending increasing sums of capital on developing virtual reality and metaverse-related products, posting a $2.9 billion loss for Q1 2022. That&#8217;s 61% more than its $1.8 billion loss in Q1 2021. <\/p>\n<p>Overall Reality Labs revenue came in above expectations, seeing $695 million in revenue during the first quarter of this year from the sales of things like VR headsets and Meta Portal hardware.<\/p>\n<p>In a Wednesday earnings call, Meta CEO Mark Zuckerberg said losses in this division are to be expected, owing to the fact that Reality Labs is still largely focused on research and development for a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of software and hardware products such as Project Cambria. <\/p>\n<p>&#8220;I recognize it\u2019s expensive to build this, it\u2019s something that\u2019s never been built before. And it\u2019s a new paradigm for computing and social connection,&#8221; said Zuckerberg. <\/p>\n<blockquote><p>&#8220;We expect to be meaningfully better at monetization than others in the space, and we expect that should become a sustainable advantage for our platforms as they develop.&#8221;<\/p><\/blockquote>\n<p>In financial reports from earlier this year, Reality Labs posted an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximate $10 billion loss throughout 2021, with roughly $4 billion of those losses owing to employee costs and research and development. <\/p>\n<p>Overall, the company&#8217;s total revenue for Q1 2022 is $27.9 billion up 6.9% from $26.1 billion in the first quarter of last year. Meta\u2019s quarterly report was well received by the market, with Meta\u2019s stock price up 18% in after hours trading at the time of writing.<\/p>\n<p>Continuing the growth trend, Meta\u2019s overall employee count surged by 28% year-over-year, with 77,805 employees as of March 31. <\/p>\n<p><strong>Related: <\/strong><strong>Meta will open physical metaverse-themed store in San Francisco Bay Area<\/strong><\/p>\n<p>In February, Meta suffered the largest daily crash in stock market history as $251 billion was wiped from the company\u2019s market cap. The crash came in the wake of the number of daily active users dropping by roughly 1 million. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/meta-s-reality-labs-posts-2-9b-loss-i-recognize-it-s-expensive-says-zuck\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Meta\u2019s Reality Labs posts $2.9B loss: &#8216;I recognize it\u2019s expensive&#8217; says Zuck &#8220; Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division \u2014 formerly known as Facebook\u2019s Oculus division \u2014 has been spending increasing sums&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTZiYTA1MzQtMThmYS00MDNjLWI3ODAtMDA0MjA4ODA0NDliLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[122306,91498,74355,117,4974,5077],"class_list":["post-438615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-meta","tag-metaverse","tag-adoption","tag-business","tag-facebook","tag-mark-zuckerberg"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=438615"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438616"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}