Meta also plans to spend up to $87 billion in 2022 compared to initial estimates of $88 billion, the report read. It also expects expenses in 2023 to reach up to $101 billion, including $2 billion to consolidate its office facilities footprint. Explaining further, it said,“We expect the percentage growth rate of 2023 operating expenses to decelerate meaningfully as we curtail non-headcount related expense growth and keep 2023 headcount roughly flat with current levels. Meta also reported key successes across its Meta Quest store in October, namely during its Developer State of the Union address at the Connect 2022 event. At the annual event, Zuckerberg also debuted the Meta Quest Pro enterprise headset along with several key and strategic partnerships with massive tech giants such as Microsoft and Zoom.

Source: Libya Today October 27, 2022 12:05 UTC