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by matwood
1312 days ago
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Not at the same scale. It's been accelerating and continues to accelerate. From another announcement today: > "We continue to anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year," https://www.marketwatch.com/story/meta-lowers-expense-foreca... Everyone wants to dance on Meta's grave, but it's way too soon. Yes, the Apple change gave them a top line haircut, but if the RL spend is excluded, they are making a ton of money. I'd also argue that the real headwinds are the general economy and TikTok. |
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Right, and not Apple's actions.