Meta’s Metaverse Gamble Keeps Bleeding Cash as Losses Surge to $68.8 Billion

Facebook’s parent company, Meta, ended 2024 on a high note. The tech giant’s net income skyrocketed by 86.8% to $55.5 billion, the biggest increase in the GAFAM group, proving that aggressive investments in AI-driven ad technologies and a rebound in digital ad spending paid off. But while its core business soared, Meta’s metaverse division continued mounting losses at an alarming […]

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