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Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2

https://www.gamedeveloper.com/extended-reality/roses-are-red-meta-is-blue-reality-labs-lost-4-5-billion-during-q2

In news you can file under 'painfully predictable,' Meta spent another quarter burning through the GDP of a small nation in a bid to birth the metaverse.

What the hell are they even spending all this money on when they don't have much to show for it?

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the headline says that Meta lost 4.5 billion in the 2nd quarter. Also the article says they meta lost 3.9 billion in the first quarter. I think that is an a 8billion dollar loss in 6months.

Unless I’m mistaken on the accounting, You shouldnt count a full years salary when comparing it to a 3 month loss, because meta has only paid 3 months compensation during the 2nd quarter.

Using your numbers

( 17,000 x $100,000 )/4 is $425mill. In salary paid out in the quarter. Although software and hardware engineers at meta make way more than 100k/year.