Jun 27, 2023
Meta: Facebook owner launches virtual reality subscription service
Facebook owner Meta has launched a virtual reality subscription service as it tries to make that part of its business profitable. Meta faces competition from firms including technology giant Apple, which unveiled its highly anticipated mixed-reality headset this month. On Monday, the company said the Meta Quest+ service, which costs $7.99 a month or $59.99 for an annual subscription, was compatible with its Quest 2, Quest Pro and upcoming Quest 3 headsets. In 2021, Meta chief executive Mark Zuckerberg unveiled plans to build a "Metaverse" - an online world where people can play games, work and communicate in a virtual environment, often using VR headsets. Its Reality Labs division, which produces VR headsets and other products, reported a net loss of $4bn for the period.
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