Facebook VR headsets Archives

Facebook’s virtual reality investments have lost almost $20B since 2020

05/18/202205/15/2022 John Montgallo

Last quarter alone, Meta spent $2.96 billion to continue the company’s attempt to build the metaverse. Meta has been aggressively pursuing its virtual reality metaverse world, but this pursuit has come with a large price tag as the company has consistently lost money on the effort until now. The metaverse is meant to allow users to navigate a VR world in the form of their digital avatars. The Facebook parent company has released its first quarter 2022 financial results and has revealed that this year alone, the virtual reality investments…

Virtual Reality Facebook OS could help the platform skip Google and Android

12/31/201912/27/2019 L. Green

The social network giant is reportedly working on developing its own operating system. A new Facebook OS is currently in development, according to a report from The Information. Should this operating system be successful, it could help the social network firm to step away from its dependence on Google and Android. The operating system is reportedly in development to support its movements in virtual reality. At the moment the company doesn’t have its own virtual reality Facebook OS. Therefore, its Oculus VR headsets and Portal smart displays operate on an…