Meta's reality labs reports $13.72-billion loss for 2022

Photo by: Meta
Photo by: Meta

(Menlo Park, CA) -- Meta's virtual reality technologies and projects are costing investors a boatload of money.

In its earnings report after the bell on Wednesday, the company formerly known as Facebook said its Reality Labs division posted a fourth-quarter operating loss of four-point-28 billion dollars.

The loss for all of 2022 totaled more than 13-point-seven billion dollars.

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