<ul><li>Meta's metaverse lab has lost $40B since Facebook changed its name in 2021.</li><li>Despite the losses, Meta's other endeavors pushed it to record profits in Q4 2023, with gains expected to continue through Q1 2024.</li><li>Meta posted a reported revenue of $134.9 billion in 2023, up nearly 16% over 2022.</li><li>Meta's Reality Labs, responsible for products such as the Quest VR headset line, has posted losses totaling around $40 billion since 2021.</li></ul>

Meta’s metaverse lab has lost $40B since Facebook changed its name in 2021

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