Meta's Reality Labs division continues to struggle in capturing meaningful market share. Despite massive investments over recent years, the metaverse bet hasn't paid off as expected. User adoption remains sluggish, and the vision of a thriving virtual ecosystem hasn't materialized. Industry watchers note the gap between ambitious promises and actual engagement metrics. The division's persistent challenges raise questions about the metaverse narrative's viability in its current form. Heavy capital expenditure hasn't translated into the transformative platform Meta envisioned when it rebranded.