​​Facebook is planning on rolling out its first-ever smartwatc | Tech Updates and News

​​Facebook is planning on rolling out its first-ever smartwatch in summer 2022, according to a Wednesday report from The Verge.

The watch will have a display and two cameras that can be detached to take photos and video just like you would on a smartphone or GoPro camera. The content could then be shared on Facebook and Instagram, as well as other apps owned by the company. Facebook employees have said the watch could cost around $400, according to The Verge, but that price tag could change.

Sources told the outlet that Facebook has spent about $1 billion to develop the first iteration of the smartwatch since 2019.