Facebook made huge investment for building Metaverse
Facebook announced on Monday that it will begin breaking out the financials for its virtual and augmented reality unit, a move that comes as its core advertising operations face “significant uncertainty.” After reporting quarterly revenue that fell short of market estimates, Facebook cautioned that Apple Inc’s new privacy guidelines would have an impact on its digital business in the current quarter. Facebook’s Chief Financial Officer, David Wehner, reportedly noted that the company expects investment in its hardware division, Facebook Reality Labs, will cut overall operating profit by $10 billion in…