Meta Lost $13.7B on Metaverse Initiative in 2022
Meta expects losses for Reality Labs to increase in 2023.

Meta expects losses for Reality Labs to increase in 2023.
While 2022 has been a tough year for the tech industry, Meta has had an especially rough run.
Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be "subject to applicable app store fees."
Starting with Teams and Office, Microsoft said its Windows operating system would also be available through the headsets in the future.
Meta kicked off the rebrand in the United States in June, and is now making the change globally.
V God said that Meta started too early in metaverse innovation because "it's too early to know what people want."
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