Meta suffered an almost $4 billion loss from its metaverse unit with Actuality Labs in what was in any other case a powerful first quarter for the Mark Zuckerberg-led social media empire, which posted an finish revenue of $5.7 billion.

Whereas the $4 billion loss follows a $14 billion loss in 2022, Zuckerberg clarify within the earnings report that Actuality Labs will possible undergo extra losses within the the rest of 2023.

Proceed studying on Coin Telegraph