Losses capitalized by Reality Labs, company responsible for the development of the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. for the ecosystem of Facebook, The figures are more than 50% higher than those recorded during the first quarter of last year, which were already over USD $1.8 billion at that time.
Facebook’s parent company led by Mark Zuckerberg, Meta Platform a place to buy, sell and store cryptocurrency Inc, recently published its business balance sheet for the first quarter of 2022, which showed that its metaverse development direction resulted in a loss of USD $2.9 billion for the period.
Negative balance forReality Labs de Meta
The entity responsible for the development of everything associated with the metaverse isReality Labs, direction created by Facebook / Meta to begin to make progress in this area that will be the focus of its line of business. The report details that the losses capitalized by the entity exceed by more than 50% those recorded for the first quarter of 2021, which were around USD $1.8 billion.
However, not everything associated withReality Labs is not necessarily bad, as the company also increased its revenue margin during this quarter reaching about USD $695 million, which is 7% higher than the USD $534 million capitalized for the same quarter in 2021. However, this differential does not seem to be exactly successful as the balance sheet ends up showing significant losses in this area.
An important aspect to note is that much higher expenditures are projected for this 2022 at the general level, and that it will beReality Labs one of the directions that will require more capital. In this regard, the report reads:
“We expect 2022 total expenses to be in the range of $87-92 billion, down from our previous outlook of $90-95 billion. We expect expense growth in 2022 to be driven primarily by Family of Apps, followed by Reality Labs.”
Let’s keep in mind that the focus ofReality Labs is the development of virtual and augmented reality products and services, with which users can perform various activities at work, entertainment and communications. Therefore, it is one of the directions on which are placed the greatest expectations of the operating company Facebook, since its big bet for the future has to do with the metaverse, which will invest investing is when you put money in a financial scheme with the intent of making a gain. large amounts of capital capital is most commonly defined as the large sum of money you would use to invest. to make it possible.
Malas expectativas a corto plazo
These negative results come on top of the $4 billion in losses reported by the chief financial officer of Meta, David Wehner, who disclosed these figures in an earnings report issued in February to shareholders, indicated that much of that capital was invested in hiring employees, R&D services and the cost of certain items.
Although the vision is more optimistic in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term, it seems that there are many concerns about the costs and adjustments that the company must make to assume the expenses that will come before having an operational product, which can be distributed massively among the large user base it manages.
Let’s keep in mind that the Meta said that it would take almost half of the profits from any item traded in the metaverse, specifically referring to transaction fees, as collectibles are produced by community members, generating discontent among community members due to the high commissions they would have to pay for trading activities.
Is it possible to retract?
Although everything will depend mainly on the adoption seen, it does not seem that Meta plans to back out of the ambitious goal of developing its own metaverse.
Let’s keep in mind that there have been other projects of high caliber that have had to be discarded with a lot of ground already covered, as was the case of Libra / Diem, cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. driven by the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. that saw significant regulatory hurdles both in the U.S. and in many countries, which led to the initiative had to be suspended, assuming already as a loss all the capital invested to materialize the idea.
For now, it remains to be seen how this evolves in the future, but for now it seems that Meta will incur even more losses in its direction dedicated to the development of the metaverse.
- Meta is testing features for the sale of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. goods in its metaverse
- Meta faces lawsuit in Australia over fraudulent cryptocurrency ads
- Mark Zuckerberg confirms NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). will eventually come to Facebook and Instagram
Version by Angel Di Matteo / DiarioBitcoin
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