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The XR Week Peek (2021.07.05): Facebook to have $6B of losses for the VR business, investments in XR are on the rise, and more!

The Ghost Howls

Creating a successful hardware and software ecosystem may require losses in the dozens of billions of dollars. Microsoft too had to lose $10B to let Xbox enter the gaming console market and compete with PlayStation. District Court for the District of Columbia has dismissed both cases. Image by Microsoft).