Meta stock

Meta's Reality Labs division, which is leading its metaverse push, reported cumulative losses of $9.4 billion in 2022.

[immediately](https://www.pcgamer.com/mark-zuckerberg-spent-dollar10b-on-the-metaverse-and-all-he-got-was-this-stupid-selfie/) became a subject of memes and internet jokes as people online made fun of the poor visual quality of the metaverse by comparing it to video games from the early 2000s. The report noted that the company had set a target of 500,000 monthly active users for the virtual reality platform by the end of 2022, but this was revised down to 280,000. [reported](https://www.wsj.com/articles/meta-metaverse-horizon-worlds-zuckerberg-facebook-internal-documents-11665778961) that Horizon Worlds was struggling to retain its user base despite being pushed heavily by the company. The image Facebook, however, has fared worse than nearly all major tech stocks as it deals with slowing user growth, competition from rivals like TikTok and the impact of Apple’s new Earlier this month, the Wall Street Journal