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Is VR broken out on the Meta balance sheets in a way that we can track profit/loss/expenditures that are associated to VR specifically? Anyone at Meta with a va
by digdugdirk 4y ago
Is VR broken out on the Meta balance sheets in a way that we can track profit/loss/expenditures that are associated to VR specifically? Anyone at Meta with a vague idea of how much of the company is working on VR specifically?
It seems odd, like the "vision" is "VR Everything", but the reality is more "We bought Quest and don't know what else to do". Does anyone have any insight on how it feels inside the org?
- pavlov 4y agoYes, Meta reports the AR/VR unit separately as Reality Labs. It lost $3 billion in Q1 this year, and about $10 billion in 2021. The number of employees working in this pillar exceeds 10,000, I believe. For the past years Meta has been building the entire stack: chips, novel controllers like wrist neural interaction, a new operating system... But the ambition level has been somewhat reduced recently. The new OS project (XROS) was scrapped last winter, for example.
- TMWNN 4y agoIt's definitely a passion project on Zuckerberg's part. Were he not CEO and controlling shareholder, it's definitely the kind of thing that a new CEO would cut. (Just like Blue Origin is a Bezos-personal-investment thing, not an Amazon thing.)