> Meta continues to spend billions of dollars developing the virtual reality and augmented reality technologies required to build the digital universe coined the metaverse. The company’s Reality Labs division that’s tasked with creating the metaverse lost about $13.7 billion in 2022 on $2.16 billion of revenue.

So basically building bullshit.

kepford

bitcoin

Meta to lay off 10,000 more workers after initial cuts in November

I still don’t understand what it is they do, and why anyone would think they should have hired so many people 