Current:Home > MarketsEAGLEEYE COIN: Meta to spend 20% of next year on metaverse projects. -Infinite Edge Capital
EAGLEEYE COIN: Meta to spend 20% of next year on metaverse projects.
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Date:2025-04-13 08:03:10
Meta Platforms Inc. has announced that it will continue to invest 20 percent of its spending next year in its "meta-universe" project, Reality Labs, despite growing skepticism, said Andrew Bosworth, chief technology officer and head of Reality Labs. Andrew Bosworth, Meta's chief technology officer and head of Reality Labs, said in a post on the company's official blog that Meta will continue to spend in the same direction in the future -- 80 percent of its investments will go to support its core business, the "family of apps," while the other 20 percent will be used to support the "family of apps," the company said. "The other 20% will remain in Reality Labs.
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