Meta CTO Andrew Bosworth is holding a meeting he called the "most important" of the year.Managers are urging staff to attend ...

Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...

Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

The push for in-person attendance is unusual for the division, which oversees Meta’s wearables, virtual and augmented reality ...

Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...

In just over four years, Meta (META)’s Reality Labs division — focused mainly on its products in augmented reality (AR), virtual reality (VR), and the metaverse — has lost as much money as the market ...

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...

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Meta Platforms dominates social media with top apps like Facebook, WhatsApp, and Instagram. Meta's Reality Labs focuses on VR and AI but operates at a loss, contrasting its profitable app segment.