Meta's CTO Andrew Bosworth and Mark Zuckerberg are described as 'true believers' with 'actual conviction' towards their work in Meta's Reality Labs division.
Meta Reality Labs quarterly revenue declined by 6% in Q1 mainly due to lower Meta Quest sales.
A leaked memo from Bosworth mentioned that 2025 would determine the fate of Reality Labs, sparking concerns about the division's continuous investment.
Mark Zuckerberg's controlling stake in Meta allows him to make long-term investments, such as the $100 billion spent on Reality Labs over a decade, despite the division bringing in less revenue.