Meta invests another $4.5 billion in the Metaverse in Q2, preparing for AI growth

Odaily News In the second quarter of this year, Mark Zuckerberg's Meta Platforms lost another $4.5 billion on its metaverse business Reality Labs, bringing its metaverse funding losses to nearly $60 billion since 2019. In its second-quarter earnings call on July 31, Meta reported higher-than-expected revenue of $49 billion, up 22% from the same period last year and its second-largest quarterly revenue ever.