4 ms·
"was"? They're still going at it - they booked a $2.8bn loss on Meta Reality Labs in Q2.
by cmsj 3y ago
"was"? They're still going at it - they booked a $2.8bn loss on Meta Reality Labs in Q2.
- typeofhuman 3y agoSo much money. Seems like waste. Can you imagine a startup with that burn rate?
- nradov 3y agoMagic Leap is a startup also in the "metaverse" space and was supposedly burning $50M / month. And that was actual cashflow, not just the charges and write-downs that comprise much of Meta's number.