Meta’s Reality Labs just reported a $4.62 billion loss in Q2 — less than Wall Street expected — but the division’s still burning through $80 billion since 2020. Once fueled by Zuckerberg’s metaverse vision, VR hasn’t lived up to hype. Now, Meta’s pivoting toward more immediate products like Ray-Ban Meta glasses (made with EssilorLuxottica) while still chasing digital worlds. Revenue did inch up to $431 million, a small win amid massive losses. The company’s walking a tightrope: betting big on the future while trying to stay afloat today.
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