TechFlow news — Meta's metaverse division, Reality Labs, generated $695 million in revenue during the first quarter but reported a loss of $2.96 billion. Meta CEO Mark Zuckerberg stated that the company's metaverse division is a long-term initiative and is currently preparing for the year 2030. Additionally, the web version of the Horizon Worlds virtual platform will launch this year, followed by augmented reality and virtual reality versions.
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