Jason Moser

You want to praise him and maybe chastise him a little bit for this.

It was clearly not the right move.

You just look back at the last two years, Meta's chalked up close to $40 billion in operating losses in the Reality Lab segment.

Clearly, AI is the opportunity going forward.

It's good to see Zuck at least acknowledging that as investors, when things aren't working out, you change your mind when the facts change.

I followed the space for several years.

While there are some interesting implications of AR and VR, this metaverse concept just hasn't really developed as he would have hoped.

Now, it's not to say that it won't in the future.

Maybe it will.

Maybe it'll be well after we're gone, guys.

I don't know.

But this made me think about Google or Alphabet from the perspective of their Other Bets segment.

And when you look at Other Bets, yeah, Other Bets, that segment loses a lot of money, too.

But if you just look over the last two years, its losses are a quarter.

of what Reality Labs' losses are.

It's diversified losses, too.

That was going to be my next point.

Exactly.

It includes businesses like Calico, which is biotechnology, G Fiber.

You've got Verily in health sciences.