Meta's metaverse project Reality Labs is expected to incur a total loss of approximately $13.8 billion in 2022

ChainCatcher news, citing analysts' predictions reported by The Block, stated that Meta's metaverse project Reality Labs lost $3.7 billion in the third quarter of 2022, and the loss in the fourth quarter is expected to jump to $4.4 billion, meaning that Reality Labs alone will lead to a total loss of $13.8 billion for Meta in the year.

ChainCatcher previously reported that Meta's Chief Technology Officer and head of Reality Labs, Andrew Bosworth, stated that 20% of spending will be allocated to the metaverse project Reality Labs in 2023. (source link)