Evolution of Reality Labs: From Acquisition to Metaverse Vision

From the discussion with Matthew Ball, a clear evolution of Reality Labs emerges. Beginning with Facebook's 2014 acquisition of Oculus, the investment in Reality Labs increased significantly, reaching $10 billion plus annually by 2020. The rebranding to Meta in subsequent years marked a significant shift prompted by internal events like Mark Zuckerberg's belief in VR's future. An early pivotal moment was a demo showcasing virtual elements, leading to the realization of VR's potential but also highlighting initial overestimations that had to be corrected.