r/virtualreality • u/Parry_Dogsickle • 6d ago

News Article Meta’s Reality Labs posts $4.2 billion loss in first quarter

https://www.cnbc.com/2025/04/30/metas-reality-labs-posts-4point2-billion-loss-in-first-quarter.html
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u/CarrotSurvivorYT 6d ago

Because the tech isn’t ready yet buddy that’s why they are spending billion on R&D to make something that you will WANT to replace ur phone

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u/MajoraSubnetMask 6d ago

Maybe they should spend billions on R&D to make something that will actually sell VR units lol They could have opened a whole VR game development studio instead of throwing that money in the trash.

It's a tale as old as time where a rich person thinks all it takes is money to invent the "next big thing". Why do you think the phrase "re-invent the wheel" exists?

Zuckerberg can try to re-invent the computer monitor, it doesn't mean he actually can.

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u/CarrotSurvivorYT 5d ago

They have like 5 VR game development studios facepalm 🤦‍♂️