That's 'billion' with a 'b,' folks.
to normal people, reported a loss of $13.7 billion dollars in 2022 alone on its Reality Labs division, which oversees the company's controversial metaverse. Combined with 2021's $10.
19 billion dollar loss, that brings the amount of money Zuckerberg has spent on building his cartoonish,Comparatively, the Reality Labs division only brought in $2.16 billion in revenue for 2022, which is down from its 2021 gains of $2.27 and accounts for less than two percent of all of Meta's earnings last year,
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Sen. Bernie Sanders: A $14/hr minimum wage ‘is not going to do it’It has been well over a decade since there has been a federal minimum wage increase, even with the major jump in inflation and increase in cost of living. Senator Bernie Sanders of Vermont joins Ali Velshi to explain why despite the fact that companies like Walmart are raising their minimum wage, a $14 per hour rate is not going to cut it. “It is not too much to ask the wealthiest country on Earth where we have massive income and wealth inequality, people on top doing phenomenally well, to say that in America, if you're working 40 hours a week, you're not living in poverty. 14 bucks an hour is not going to do it.”
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Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setbackLosses in Meta’s metaverse building division, Reality Labs, have racked up to nearly $14 billion marking the business's largest ever yearly loss since its founding over two years ago.
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Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland's MANA Leading the Pack – Metaverse Bitcoin NewsDuring the first month of 2023, metaverse crypto assets like MANA and SAND have outperformed both bitcoin and ethereum.
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Metaphysic Founder on Building Ethical AI in the MetaverseMetaphysic, the London-based tech firm behind the viral Tom Cruise deepfake videos, is partnering with Creative Artists Agency to develop generative artificial intelligence (AI) tools and services, while working with Miramax to develop hyperreal content for the upcoming feature film 'Here.' Metaphysic founder Tom Graham shares insights into the impact of AI on the media industry, the importance of responsible AI, and the future of hyperreal technology in the metaverse.
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Meta lost $13.7 billion on Reality Labs in 2022 as Zuckerberg's metaverse bet gets pricierIn its first full year as a separate business, Meta's Reality Labs unit racked up costs, closing with a $13.7 billion operating loss in the fourth quarter.
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