Key Points: Reality Labs is proving to be a greater money pit than anticipated. By 2022, the division had lost…
Key Points: On Wednesday, Meta will announce its earnings, and experts predict that Reality Labs' losses will continue to rise…
Facebook parent company Meta Platforms Inc. continues to invest in the metaverse area despite questions about the business division focused…
Meta CEO Mark Zuckerberg remains hopeful about the company's Metaverse plans despite the disappointments it brings to the company. During…
Mark Zuckerberg, CEO of Meta Platforms, said that the firm would eliminate more than 11,000 workers in the first significant…
The Wall Street Journal reports that Meta plans to let off thousands of staff in the second week of November,…
Meta Metaverse reported losses of $2.8 billion for its metaverse-focused division, Reality Labs, as the firm missed on earnings and revenue for…
The virtual reality (VR) and metaverse division of Meta Reality Labs recorded a loss of $2.8 billion in the second…
On Wednesday, Meta Platforms Inc., formerly known as Facebook, announced its first-quarter 2022 results, citing a $2.9 billion loss in…
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