Facebook Sharpens Its Metaverse Weapons

After Meta’s  (MVRS) – Get Meta Report recent first quarter earnings call, many were left bewildered by some of the company’s choices.

While the results it reported were mixed, one glaring item was impossible to ignore: It lost a whopping $10 billion in 2021 from its Reality Labs division.

As Mark Zuckerberg has made abundantly clear at every turn over the last few years, he wants to pioneer the metaverse space using virtual reality as a key tool. 

To do so, Meta purchased VR company Oculus in 2014 and rebranded its pioneering technology to its own, changing the name of its flagship headset Oculus Quest to Meta Quest.

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