Actually, Mark Zuckerberg didn't burn $80 billion on the metaverse

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Meta CEO Mark Zuckerberg onstage at the company's 2024 developer conference, September 2024
Meta CEO Mark Zuckerberg's Reality Labs unit has lost more than $80 billion. But only some of that money was spent on metaverse projects. Much of it went to hardware projects like the Orion prototype he wore onstage in 2024.

Andrej Sokolow/picture alliance via Getty Images

You're laughing. The metaverse is dying, and you're laughing.

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mark zuckerberg pointing an an avatar of himself in the metaverse
Mark Zuckerberg finally confronts himself during a 2021 demonstration of the metaverse.

Meta

Meta's metaverse is going mobile — and leaving VR behind

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Mark Zuckerberg wearing a VR headset
Meta CEO Mark Zuckerberg wears a virtual reality headset

credit should read GLENN CHAPMAN/AFP via Getty Images

Meta CTO says cuts to Reality Labs are 'real cause for sadness' — but the company is still 'bullish' on VR

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Meta CTO Andrew Bosworth
Meta CTO Andrew Bosworth, who heads the Reality Labs unit.

GLENN CHAPMAN/AFP via Getty Images

Meta plans price hike for its virtual reality devices, internal memo shows

Tech Insider : Business
Mark Zuckerberg wearing sunglasses and a tux with a black shirt at an awards ceremony.
Mark Zuckerberg attends the 2025 Breakthrough Prize ceremony in Santa Monica, California.

Mario Anzuoni/REUTERS

Meta delays release of new mixed reality glasses code-named 'Phoenix' in order to 'get the details right'

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Meta Connect 2024 holographic glasses Mark Zuckerberg
Mark Zuckerberg wearing holographic glasses at Meta Connect 2024

Meta

Looks Like We Can Finally Kiss the Metaverse Goodbye

Gizmodo
Meta Horizon Worlds

Meta CEO Mark Zuckerberg went all in on the metaverse. Now Reality Labs is facing big cuts.

Tech Insider : Business
Mark Zuckerberg
In 2021, CEO Mark Zuckerberg rebranded Facebook to Meta as part of his focus on the metaverse. Facebook

Facebook

Woman Marries ChatGPT-Generated Groom Through Breach in the Metaverse

Gizmodo
Screenshot 2025 11 14 At 8.16.09 am

Meta’s Struggling Metaverse Team Told to Work 5 Times Faster With AI

Gizmodo
Image: DANIEL CONSTANTE
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