From that Ars article:
Zuckerberg bet the company on the metaverse, as the company name change suggests.
But how long will they pour money into the platform? The company’s stock price rebounded this year because of online ad sales — and maybe general hype about AI.
But Quest's overall revenues will have to get a lot healthier to justify the massive investment Meta has made in the hardware line. The company's Reality Labs division has lost $21 billion since the beginning of 2022, over and beyond the $2 billion it spent on the company then known as Oculus in 2014. Quest software and hardware would have to start selling orders of magnitude better than the Wii U to make up for that kind of continuing investment in the technology.
Zuckerberg bet the company on the metaverse, as the company name change suggests.
But how long will they pour money into the platform? The company’s stock price rebounded this year because of online ad sales — and maybe general hype about AI.