Mark Zuckerberg Sets Facebook on Long, Costly Path to Metaverse Reality
Mark Zuckerberg says he has long imagined a virtual world where people work, play and interact. Now he’s preparing to spend billions of dollars and years of effort at making that a reality so Facebook Inc. can prosper.
Facebook on Monday said its spending on Facebook Reality Labs, where the company works on augmented and virtual reality, would dent total operating profit by around $10 billion this year. “I expect this investment to grow even further for each of the next several years,” Mr. Zuckerberg said.
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