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Meta’s Reality Labs has now lost $40 billion, yet the company just had its best quarter since 2021 [TechSpot]
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Meta’s Reality Labs, the division behind the company’s metaverse ambitions, among other things, lost $13.7 billion across the second quarter of 2023, generating just $276 million in revenue. The company said it expects Reality Labs to lose even more in 2023 than it did last year, when it hemorrhaged more…