Meta's Metaverse Vision Faces Major Strategic Retreat, Reality Labs to Lay Off Over 1,000 People
BlockBeats News, January 14th. According to
Meta is shifting from metaverse products to wearable devices, particularly AI smart glasses. Its metaverse project has been deeply unprofitable for a long time, with Reality Labs accumulating operational losses of over $70 billion since 2021, and a loss of $4.4 billion in just the third quarter of the 2025 fiscal year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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