Name: Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Uploaded: 2022-07-28T16:59:52.000Z
Duration: 5 min 28 s
Description: Facebook parent company Meta posted a second-quarter loss of $2.81 billion in its Facebook Reality Labs (FRL) division, but CEO Mark Zuckerberg remains optimistic, noting the company is more focused on its long-term metaverse and Reels growth. "The Hash" panel discusses the tech giant's Q2 earnings report and an outlook into the future of metaverse.

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Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2 | CoinDesk Videos

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CoinDesk 20$2,093.990.99%Bitcoin$75,686.850.71%Ethereum$2,333.321.09%XRP$1.430.40%Solana$85.821.30%

Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2 | CoinDesk Videos