Meta spent $10 billion on the metaverse in 2021, dragging down profit

Meta's quarterly profits decreased 8 percent, to $10.3 billion, from a year earlier. Shares of Meta’s stock plunged about 22 percent in after-hours trading.

source https://www.seattletimes.com/business/meta-spent-10-billion-on-the-metaverse-in-2021-dragging-down-profit/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology