In the second quarter of this year, Mark Zuckerberg's Meta Platforms lost another $4.50 billion on its meta-universe business, Reality Labs, and its meta-universe loss in capital has increased to nearly $60 billion since 2019. During its second-quarter earnings call on July 31, Meta reported that its revenue beat expectations to $49 billion, up 22% from the same period last year and the second-largest quarter ever.