₿ Explore the crypto world with us...


Jaw-Dropping Employee Salaries in Meta’s Metaverse Department

Meta, the technology behemoth behind platforms such as Facebook, Instagram, and WhatsApp, has been dedicating significant resources to metaverse development for some time. However, the cryptocurrency downturn in 2022 resulted in substantial financial losses for the company.

Despite reporting billions in losses each quarter, Meta has consistently communicated its commitment to persist with its metaverse initiatives.

Reports suggest that the software engineers and developers working on Meta’s metaverse projects are compensated with impressively high salaries, reflecting the value the company places on their contributions to this cutting-edge venture.

Meta’s metaverse developer salaries are astonishing

Jaw-Dropping Employee Salaries in Meta's Metaverse Department

A recent report by the Wall Street Journal reveals that developers working on Meta’s virtual reality programs can command salaries ranging from $600,000 to nearly $1 million.

Reality Labs, the division of the company tasked with developing the metaverse, incurred a loss of $13.7 billion in 2022 alone, marking the largest annual loss recorded for the department.

Despite these financial setbacks, Mark Zuckerberg, co-founder and CEO of Meta, has affirmed the company’s unwavering commitment to its metaverse vision.

Meta, a major player in the metaverse market, faced legal action last year when the US Federal Trade Commission sued the company over its attempts to dominate a significant portion of the metaverse industry.

Additionally, two US Senators recently sent a letter to Zuckerberg, urging that minors be prohibited from accessing Meta’s metaverse platform, Horizon Worlds. The letter highlighted serious concerns about the platform, labeling it as a digital environment laden with potential dangers.

You may also like this content

Follow us on TWITTER (X) and be instantly informed about the latest developments…


Metaverse Planet is your gateway to the exciting world of artificial intelligence. On this platform, you can find everything related to artificial intelligence:

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Milla Sofia: Fascinating AI Model Shares Striking Visuals 6 Most Followed Cryptocurrencies on Twitter Web 2.0 to Web 3.0 Lacoste Enters Metaverse Artificial intelligence FAQs , About Artificial intelligence Replace your daily applications with AI-powered alternatives ✅ Our Smartphone Applications Discover the Popular Metaverse Coins Binance vs Ethereum Metaverse Ecosystem Founder of Ethereum: Vitalik Buterin How to Enter Metaverse? Gucci Chose Miley Cyrus Avatar for Web3 Fragrance! Those who have been doing Hodl lately are very comfortable. Controversial AI Sensation Milla Sofia Under Fire for Provocative Appearance India’s First Metaverse Wedding: Over 3,000 Guests Celebrate How to Make an Avatar on Instagram? Easy Explanation with Pictures Which Is Your Choice? DOGE or SHIBA ? Fan Token Ecosystem 6 Most Followed Cryptocurrencies on Twitter Top 8 NFT Sales Sites! (Create Paid And Free NFT!) What is Decentraland? (MANA) Coin Before having nft after having This Man Told Everyone To Buy Bitcoin For $1 Just 8 Years Ago Differences between crypto and bank Popular AI Coins