Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
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Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the metaverse, despite operating losses for its Reality Labs business peaking in 2022.
Meta on Feb. 1 released
Meta’s overall revenue for the fourth quarter was $32.1 billion, beating Wall Street expectations.
The better-than-expected revenue figures caused Meta’s stock price to jump after the bell, gaining nearly 19.5% in after-hours trading at the time of writing, according to Yahoo Finance.
