Meta's Reality Labs posted a $4.2 billion operating loss in Q1 2025. According to CNBC, cumulative losses since 2020 now exceed $60 billion. From the report: Meta's Reality Labs unit is responsible for the company's Quest-branded virtual reality headsets and Ray-Ban Meta Smart Glasses. It's the key...
I don’t understand how that’s even possible when they have so little to show for it. I like to imagine it’s full of maliciously-compliant people trying to bleed Meta dry from the inside.
Just for one example, it’s well known that they sell their hardware at a steep loss just to try to entice people to get locked in to their ecosystem. Meta’s plan is to get VR devices into people’s homes and then figure out how to spy on them to make money off of it afterwards, and in the bargain use the piles and piles of cash they make from Facebook to squeeze out any competitors and become the defacto monopoly in the VR market.
For this blatantly obvious reason I always recommend that nobody buy a Meta/Facebook VR device, ever, for any reason, no matter how “cheap” it is.
Let Zuck Zuck continue to lose money on it until he either goes broke or gives up. This is a rare case where deliberately not buying a product from the dominant player in the market can literally help the entire scene as a whole.
Except if you can root it ofc.