Facebook Will Finally Start Reporting Financial Results for Its Virtual Reality Business

·4-min read
Facebook Will Finally Start Reporting Financial Results for Its Virtual Reality Business

Just a few months after Facebook (NASDAQ: FB) CEO Mark Zuckerberg said his business was going to bet big on the "metaverse" (a virtual world where real people can play and work together), Facebook is readying some extra transparency on this business segment. Facebook Reality Labs (or FRL, the augmented and virtual reality unit that's building the metaverse) is receiving massive amounts of cash to develop new hardware and software technology, and could already be quite large today.

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