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Meta profit down after spending $10 billion on metaverse in 2021

Mark Zuckerberg said his company was going all in on the metaverse last year. On Wednesday, he showed the costs of making that transition. Meta, the company that Zuckerberg founded as Facebook, said that its Reality Labs division, which makes virtual reality goggles, smart glasses and other yet-to-be-released products, lost more than $10 billion in 2021 as it built the
Sheryl Sandberg David Wehner Mark Zuckerberg Raj Shah Reality Labs Facebook Owner Meta

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