{"id":148981,"date":"2022-10-27T18:23:29","date_gmt":"2022-10-27T23:23:29","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/10\/mark-zuckerbergs-metaverse-dream-is-costing-billions-and-meta-plans-to-spend-more-next-year"},"modified":"2022-10-27T18:23:29","modified_gmt":"2022-10-27T23:23:29","slug":"mark-zuckerbergs-metaverse-dream-is-costing-billions-and-meta-plans-to-spend-more-next-year","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/10\/mark-zuckerbergs-metaverse-dream-is-costing-billions-and-meta-plans-to-spend-more-next-year","title":{"rendered":"Mark Zuckerberg\u2019s metaverse dream is costing billions \u2014 and Meta plans to spend more next year"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/mark-zuckerbergs-metaverse-dream-is-costing-billions-and-meta-plans-to-spend-more-next-year2.jpg\"><\/a><\/p>\n<p>It\u2019s going to get even worse, says the CEO in the earnings call.<\/p>\n<p>Mark Zuckerberg\u2019s dream of building the future of the internet is costing Meta billions of dollars every quarter. In the quarterly earnings call on Wednesday, Reality Labs, Meta\u2019s division tasked with building the metaverse, reported a loss of $3.67 billion in the period between July through September, up from $2.8 billion in the previous quarter, Engadget.<\/p>\n<hr>\n<p>IStock\/COM &amp; O<\/p>\n<p>What is making it the talk of the town is the fact that Meta is spending billions every quarter and has raked up losses close to $20 billion since the rebrand. This is especially worrying for the company\u2019s investors, who expect the economy to take a downturn soon and are wondering when the madness at Meta will stop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s going to get even worse, says the CEO in the earnings call. Mark Zuckerberg\u2019s dream of building the future of the internet is costing Meta billions of dollars every quarter. In the quarterly earnings call on Wednesday, Reality Labs, Meta\u2019s division tasked with building the metaverse, reported a loss of $3.67 billion in the [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,418],"tags":[],"class_list":["post-148981","post","type-post","status-publish","format-standard","hentry","category-economics","category-internet"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/148981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=148981"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/148981\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=148981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=148981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=148981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}