Less-Astronaut-8904
Less-Astronaut-8904 t1_itx696g wrote
Reply to comment by GhettoChemist in Facebook owner Meta sales continue to fall by umberto_pagano
If you look at their financials they are up considerably year over year in most categories. The thing that caused this reduced profit is from increased spending on their VR and AR research and product design.
Less-Astronaut-8904 t1_iu1kuxj wrote
Reply to comment by drekwithoutpolitics in Facebook owner Meta sales continue to fall by umberto_pagano
I have a headset from them so I might be biased but I 100% believe that VR will be the future and make a ton of money for whatever company makes the best and highest quality headsets. Right now that's Meta, at least in Western countries. But yea, I eventually see them having to slow things down with all the VR investment. On their financials page, they only have about 1 billion in free cash flow, however, they plan to spend 97-108 billion total next year.