This loss comes after Reality Labs faced an annual loss of $13.7 billion last year - with a loss of $4.3 billion in Q4 2022.
There is an age limit for reaching Horizon Worlds, but Meta is trying to make the app available for people who are under 18 years old.
Although the company recently announced a decentralized social media, it stops the support for NFTs on Instagram and Facebook.
P92 will allow users to share text updates and log in with their IG details - names, profile pictures, followers, etc.
Employing Luxexcel’s technology, Meta will be able to produce affordable lenses that will serve as access keys to various metaverse worlds and will link social media platforms.
Meta's plan is to allow its creators to make digital collectibles and be able to sell them both on and off Instagram.