Meta's Reality Labs, the division that focuses on building the metaverse, showed a loss of $4.28B in its last earnings report.  The company has lost a total of $13.72B in this division since its launch.  In terms of revenue, Reality Labs generated $727M, a 17% decrease from the same period the previous year.  The company pulled in $32.1B in revenue across all departments and apps, exceeding analyst expectations of $31.53B.  "We're going to be more proactive about cutting projects that aren't performing," says CEO Mark Zuckerberg.  Zuckerberg reiterated the company's mission to advance its technological advancements in the areas of AI and the metaverse.