Meta, the owner of Facebook, has launched a virtual reality (VR) subscription service.

The company aims to make its VR business profitable through this service.

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Meta faces competition from technology giant Apple, which recently unveiled its mixed-reality headset.

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Users who subscribe for $7.99 per month or $59.99 annually will gain access to two new games each month.

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Meta faces competition from technology giant Apple, which recently unveiled its mixed-reality headset.

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Apple's headset, called Vision Pro, will be released early next year in the US and is priced at $3,499.

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Meta's VR unit reported a $4 billion loss during the first three months of the year. Despite the loss, Meta reported an overall profit of $5.7 billion for the same period.

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Meta's CEO, Mark Zuckerberg, unveiled plans to build a "metaverse" – an online world where people can play games, work, and communicate in a virtual environment. The company sees itself as a metaverse company and aims to anchor its work and identity on this concept.

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Meta's reported profit of $5.7 billion in the first three months of the year exceeded market expectations.

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The company aims to make its VR business profitable through this service.

Meta faces competition from technology giant Apple, which recently unveiled its mixed-reality headset.

Users who subscribe for $7.99 per month or $59.99 annually will gain access to two new games each month.

Meta faces competition from technology giant Apple, which recently unveiled its mixed-reality headset.

Apple's headset, called Vision Pro, will be released early next year in the US and is priced at $3,499.

Meta's VR unit reported a $4 billion loss during the first three months of the year. Despite the loss, Meta reported an overall profit of $5.7 billion for the same period.

Meta's CEO, Mark Zuckerberg, unveiled plans to build a "metaverse" – an online world where people can play games, work, and communicate in a virtual environment. The company sees itself as a metaverse company and aims to anchor its work and identity on this concept.

Meta's reported profit of $5.7 billion in the first three months of the year exceeded market expectations.

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