<ul><li>Facebook's virtual reality and augmented reality division, Reality Labs, has lost over $3 billion since June 2022.</li><li>Since June 2022, Reality Labs has been losing a billion dollars per month, and Meta expects to continue losing billions on VR.</li><li>Reality Labs is responsible for creating the Quest 2 VR gaming headset and other metaverse projects, but none of them has turned a profit for Meta.</li><li>Even though VR sales are down and companies aren't investing in the VR workplace future, Meta expects operating losses to increase due to ongoing product development efforts.</li></ul>

Facebook Has Lost $1 Billion Every Month On VR Since June 2022

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