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Meta’s Reality Labs lost over $4.6 billion in the second quarter
CNBC says the Reality Labs unit posted a loss of more than $4.6 billion in the quarter, underscoring continued pressure on Meta’s VR and wearable business.
Meta’s Reality Labs, the division focused on virtual reality and wearable devices, recorded another large loss in the second quarter, according to CNBC.
The outlet said Reality Labs lost over $4.6 billion during the period, as the unit continues to incur losses rather than generate sustained profits.
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