Facebook’s metaverse spending will top $10 billion this year

  • Facebook expects to spend more than $10 billion on AR, VR and related hardware as well as the development of metaverse apps and services this year.
  • Starting with Q4, Facebook will break out Facebook Reality Labs as a separate reporting segment in its quarterly earnings reports.
  • Altogether, Facebook generated $29 billion in revenue in Q3, compared to $21.5 billion during the same quarter last year.
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