Amazon, Apple, Microsoft headline busy week of tech earnings – Quartz

Designers of the first Egyptian virtual city METATUT in a virtual tour on the Metaverse while wearing VR headsets and handles in Cairo, Egypt December 5, 2022. The idea of the city depends on an imaginary assumption, that king Tutankhamun came back to life in 2022 to complete what he dreamed to accomplish in Egypt, but this time through the virtual world.

Hello, can you see me?
Image: Dina Sakr (Getty Images)

Mark Zuckerberg is on a mission to make the metaverse happen. In the last three months ending Dec. 31, Meta’s Reality Labs division hit $1 billion for the first time — while also recording $4.65 billion in losses. To be sure, the VR headsets still make up a slither of Meta’s overall revenue, which continues to be driven by the company’s ad business. — Michelle Cheng

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