Meta*Platforms has spent more than $15 billion since the beginning of last year on its Reality Labs unit, which deals with virtual reality and, in particular, the creation of a metaverse. However, the company does not reveal exactly what such a significant investment is going on. Experts believe that lack of transparency with investors could harm Mark Zuckerberg's company in the future.
," considers an analyst, Wedbush Security, Dan Ives.
When Meta* first disclosed financial information on Reality Labs last year, it was said that the company had invested more than $10 billion in the metaverse. To date, Zuckerberg's company has reported more than $5 billion in losses in the first six months of 2022, and some analysts believe that the company's losses will exceed last year's total.
Meta* officials refused to comment on the matter, noting that the company did not disclose the financial details associated with the development of the Reality Labs unit.
Benchmark analyst Mark Zgutović suggests that at least 60% of the loss of Reality Labs is associated with the enormous research and development costs needed to create a completely new virtual world.
According to the analyst, Meta* had legitimate reasons to try to do it on its own rather than buy other companies., said Zgutovich.
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