Meta, the parent company of Facebook, Instagram, and WhatsApp, has been actively pursuing expansion into the metaverse, despite facing challenges and significant losses. The company's metavvers-building division, Reality Labs, reportedly lost $13.7 billion in 2022, the largest loss recorded for the division. Although, it has continued to offer lucrative pay packages to its metaverse developers, with compensation ranging from $600,000 to almost $1 million, according to anonymous sources familiar with the matter, as per the report released by The Wall Street Journal.
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