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)

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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 …

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