Okay so the revenue is technically up but we’re talking about $431M in a unit that’s hemorrhaging 4.62B per quarter. That’s not a business, that’s a research budget with marketing. The thing that gets me is Meta keeps framing this like it’s the next iPhone moment waiting to happen, but the iPhone actually made money from day one. This feels more like the multi-billion dollar equivalent of throwing darts blindfolded and hoping one lands.
source: Meta’s Reality Labs lost over $4.6 billion in second quarter
