Meta, the company behind Facebook is now seen to be allocating 20% of the total costs and expenses in 2023, for the use of Reality Labs – the part responsible for the development of metacity and also virtual reality.
This shows an increase compared to cost utilization of around 18% in the third quarter of 2022.
This step also shows that Meta continues to focus on the development of metamesta, and does not want to lag behind in introducing it compared to other technology companies.
It is not known whether this will yield quick results or otherwise. Until now, many Meta investors did not like the investment made by Mark Zuckerberg in the development of metacity. In fact, its share value also shows a downward trend throughout the year 2022.
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BUSINESS & MONEY