Things aren't looking good for Meta right now. The Facebook parent company just announced its second straight quarterly decline, with shares of Meta plummeting 24 percent to less than $100, their lowest price since 2016 — and it looks like the Metaverse is largely to blame.

In the last nine months, Meta's venture into virtual reality — via their Reality Labs division — has cost them over $9 billion. Morgan Stanley cited higher spending as they downgraded Meta's stock Thursday morning, while analyst Brian Nowak predicts the company's issues will persist if they continue chucking money into AI projects.

To illustrate the negative impact of Meta's Metaverse-related endeavors on its profits, Statista visualized the company's operating profits and losses, by segment, between Q4 2020 and now.

Via Statista.

[Image credit: Anthony Quintano]