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Meta has spent $15 billion so far on its metaverse project. Here are some incredible things that cost less.
Meta has spent $15 billion so far on its metaverse project. Here are some incredible things that cost less.
Samantha DelouyaOct 16, 2022, 18:06 IST
Mark Zuckerberg showed off his avatar's legs by jumping in the Horizon Worlds metaverse.Meta
Meta's losses from its Reality Labs project total $15 billion since last year, with no end in sight.
Meta's losses have come under scrutiny after some were disappointed in Mark Zuckerberg's recent update on the metaverse.
Meta's losses from its metaverse project keep stacking up.
The tech giant reported $10 billion in losses last year, and more than $5 billion so far in 2022, with many experts projecting the pace of losses to accelerate even further.
Meta has said it's spending this massive amount of money on research, development, and employee-related costs, but the precise details of where that money has gone are fuzzy.
Meta's piling losses have come under intense scrutiny after some found CEO Mark Zuckerberg's most recent update on the company's progress disappointing. One analyst called the company's push into the metaverse "desperate."
The hefty price tag on Mark Zuckerberg's metaverse project appears even more substantial when it's put into perspective.
Here are other incredible things that cost less than the amount Meta has reported as losses on its Reality Labs project since last year.
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So far, Meta's losses from Reality Labs have ballooned to more than the total market caps of American Airlines, JetBlue, Spirit, and Frontier Airlines combined.
American Airlines 777-300ER.Nik Oiko/SOPA Images/LightRocket via Getty Images
It would cost less to buy both the Dallas Cowboys and the New England Patriots, which are the two most valuable sports franchises in the entire world, according to Forbes.
Fred Kfoury III/Icon Sportswire via Getty Images
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Meta's Reality Labs losses total more than the GDP of many small countries.
Prime Minister of Jamaica Andrew HolnessGetty Images
The average salary for a public school teacher is $65,090 in the US, according to the Department of Education.
Shot of a teacher assisting a struggling student with schoolwork in a classroomStock Photo/Getty Images
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It would cost less to buy the 10 most expensive pieces of art ever sold, which includes works by Da Vinci, Rembrandt, and Picasso.
The most expensive painting ever soldLeonardo da Vinci's "Salvator Mundi." Painted in 1500
The White House is valued at nearly $400 million, according to real-estate listings firm Zillow.
The White House is seen from Lafayette Park on July 10, 2022 in Washington, DC.Sarah Silbiger/Getty Images
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Funding Uber for its first four years of operation cost less than $15 billion.
Travis Kalanick, co-founder and former CEO of UberSouth China Morning Post / Contributor
The first ever computer cost $400,000 to complete in 1945.
ENIAC, the world's first ever general purpose computer.University of Pennsylvania
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The current US population is 332,403,650.
Crowd of people in Times SquareAlexander Spatari
Developing both the Hubble Space telescope and the new James Webb telescope cost the US government less than $15 billion.
First image released from the James Webb Space Telescope on July 11, 2022NASA
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The world's most expensive burger is $5,000. You could buy 3 million of them (excluding taxes).
The Fleurburger 5000MGM Resorts International
The military costs for the entire American Revolutionary War were less than $15 billion.
Washington Crossing the Delaware, Emanuel LeutzeEmanuel Leutze