- Some experts expressed disappointment in updates Meta provided earlier this week and thought the technology would be farther along.When Meta began to disclose financial information for Reality Labs last year, the company revealed that it had sunk more than $10 billion into the venture, with no end to the losses in sight.Mark Zgutowicz, an analyst at Benchmark, said though he doesn't know for sure, he estimates that at least 60% of losses for Reality Labs are due to the massive research and development costs that go into building an entirely new world."There is no real metaverse, at least from a scalable standpoint, until we all can wear glasses that don't make us look like an alien or something," he said.Zgutowicz pointed out that Meta has legitimate reasons for trying to build everything themselves, though."