CoinDesk published this video item, entitled “Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2” – below is their description.
Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. “The Hash” panel discusses the tech giant’s Q2 earnings report and an outlook into the future of metaverse.
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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