Facebook to Break Out Results for Augmented/Virtual Reality Division Starting in Q4

Posted on by American Coins & Gold

Facebook to Break Out Results for Augmented/Virtual Reality Division Starting in Q4
Facebook will begin breaking out results for Facebook Reality Labs (FRL), its augmented/virtual reality division, starting in the fourth quarter, the company announced in its third quarter earnings release.”As we have discussed, we are dedicating significant resources toward our augmented and virtual reality products and services, which are an important part of our work to develop the next generation of online social experiences,” the company said. “The new segment disclosures will provide additional information on the performance of FRL and the investments we are making.”CEO Mark Zuckerberg has discussed plans to reposition Facebook as a metaverse company, and there have…