Key Points Reality labs has lost more than $85 billion since the end of 2020. CEO Mark Zuckerberg says this year's losses will likely be the peak. The segment's revenue currently covers about a tenth of its costs. 10 stocks we like better than Meta Platforms › Meta Platforms (NASDAQ:META) spent Wednesday and Thursday showing off hardware. At its two-day Connect event, the company introduced a refreshed lineup of artificial intelligence (AI) glasses, including a $449 third-generation Ray-Ban model, a $349 pair with no camera at all, and $1,300 virtual reality glasses due next spring. The keynote didn't dwell on what all of that hardware costs shareholders. Reality labs, the segment housing Meta's glasses and headsets, lost $4.
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