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Meta's Metaverse Challenges
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Meta's Reality Labs division, developing metaverse-related technologies, faces a $3.7 billion operating loss in Q3, with a drop in virtual reality and augmented reality revenue. Layoffs are imminent, reflecting the challenges of the metaverse market and Meta's ongoing investment in VR and AR technologies.
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How might the entry of Apple into the VR market impact Meta's metaverse project and the broader industry as a whole?
How might the metaverse market evolve in the coming years, and what are the potential implications for Meta's future investments?
What are the broader implications of Meta's ongoing investment in VR and AR technologies, considering the challenges in competing with external chip providers?
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