Facebook's Meta to Devote 20% of Costs to Metaverse Next Year

Andrew Bosworth, Meta CTO and head of Reality Labs, said that Meta will continue to devote about 20% of its overall costs and expenses to the metaverse project Reality Labs in 2023. And 80% of the company's investments will be used to support its core business, the " family of apps " (Facebook, Instagram, WhatsApp and Messenger).