Mark Zuckerberg will testify in the FTC’s antitrust case against Meta
, claiming it is based on “idealogy and speculation, not evidence.” The case could be another costly setback for a company struggling to convince the public and Wall Street of its vision for the future. Earlier this week, Meta disclosed in itsthat its Reality Labs VR and AR division is losing more money than ever. In Q3 2022, the unit lost $3.7 billion. That’s a trend David Wehner, the company’s outgoing chief financial officer, told investors would continue through 2023.
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