Meta has so far lost more than $40 billion on metaverse projects and expects to lose more. Wall Street is starting to come to terms with the massive amount of money Mark Zuckerberg keeps pouring into the metaverse. With second-quarter results out, collective losses from Reality Labs, the metaverse unit at Meta, has now surpassed $40 billion and more financial pain is on the way. "There are, you know, a billion or 2 billion people who have glasses today. During the second quarter, profit from that family of apps increased by $2 billion, while losses from Reality Labs came in at $3.7 billion.

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Persons: Meta, Mark Zuckerberg, Zuckerberg, hassled Zuckerberg, Kali Hays Organizations: Morning, Reality Labs, Meta, Revenue, Facebook, Twitter Locations: khays