Those projects aren't unprofitable because production costs are too high. The projects are unprofitable & failing because Facebook is struggling to execute on their grand plans, and are having their traditional core business eaten by a more nimble upstart competitor (TikTok).
I'm sure FB would love to be able to spend 2x on salaries if it came with a guarantee of turning the metaverse into a successful business venture, or of grabbing all the attention hours currently flowing to TikTok.
I'm sure FB would love to be able to spend 2x on salaries if it came with a guarantee of turning the metaverse into a successful business venture, or of grabbing all the attention hours currently flowing to TikTok.