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FB started sinking money into the Metaverse long before that.


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.


>the real headwinds are the general economy and TikTok

Right, and not Apple's actions.




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