Facebook plans to spend $10B+ on AR and VR this year, including metaverse apps and related hardware, and report FRL segment separately starting in Q4 (Janko Roettgers/Protocol)

Janko Roettgers / Protocol:
Facebook plans to spend $10B+ on AR and VR this year, including metaverse apps and related hardware, and report FRL segment separately starting in Q4  —  Facebook expects to spend more than $10 billion on AR, VR and related hardware as well as the development of metaverse apps and services this year …