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Facebook Plans to Spend $10 Billion USD on Developing Tech For Its Metaverse Expansion

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Facebook on Monday disclosed plans to spend about $10 billion USD investing in its branch that is working to develop the metaverse. In its third-quarter earnings report , Facebook said that it would be separating the financial results of the Facebook Reality Labs - its virtual and augmented reality research and development arm - starting in Q4. Under the new structure, Facebook will release the revenue and operating profit of its apps, including Facebook, Instagram , Messenger and WhatsApp , in one report and updates on FRL in a second report. "We are dedicating significant resources...
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