Facebook invests billions in metaverse efforts as ad business slows4 min read . Updated: 26 Oct 2021, 05:39 AM IST
- Facebook said it repurchased $14.37 billion in stock during the third quarter and announced an additional $50 billion in share buybacks
Facebook Inc said on Monday it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build the "metaverse" and as it reported that its main advertising business faces "significant uncertainty."
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