Meta's Metaverse Pursuit Loses Over $46B Since 2019, But Zuckerberg's Net Worth Still Skyrockets

Meta's Reality Labs division has lost around $46.5 billion since 2019 pursuing the metaverse. This is more than the revenue of Fortune 100 companies like Best Buy and Bristol-Myers Squibb.

Despite these losses, Mark Zuckerberg's net worth has increased by $59 billion in 2022 to $105 billion as Meta's stock price rose 137%.

Zuckerberg remains committed to the metaverse, calling it "the future of online interactions." Meta expects Reality Labs losses to increase through 2023.

Meta's core business remains profitable, with $30 billion in profits on $95 billion in revenue so far in 2022.

Meta recently released new VR and AR products, which it believes will play a role in the metaverse. The company doesn't disclose sales figures for these devices.