Meta’s VR Branch Lost $19 Billion Last Year

So, things have been pretty crazy over at Meta lately. They announced a while back they were pulling back from gaming, and that meant layoffs – about 10% of their Reality Labs team got the axe. We all heard rumors that the Harry Potter VR game and the Batman Arkham Shadow sequel were canceled because of it, and now we’re finding out just how much money they’ve actually lost trying to get into the gaming world. It’s a big hit, and it explains a lot of the recent changes.








