Meta CTO Andrew Bosworth internally announced a reorg of Reality Labs on Monday.

Meta's bet on the metaverse continues to face staggering financial setbacks. Its Reality Labs division recorded an ...

In a leaked memo obtained by BI, Meta's CTO called 2025 "the year of greatness" and the "most critical" year for the ...

It wasn’t a small amount. In fact, Reality Labs lost around $17.7 billion throughout the whole year. Meta reported on its Q4 2024 earnings results on its investor relations website this week.

Meta chief technology officer Andrew "Boz" Bosworth said in an internal memo shared with Business Insider that the company's ...

Reality Labs has been viewed as a money sink for the company, with Meta’s investments in its next-level projects exceeding $50 billion over the past four years. But Meta’s view is that this is ...

Overall, 96% of Meta's revenue comes directly from its ad business, although some departments are starting to contribute to the company’s monetary intake. Reality Labs, in particular ...

Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth ...

Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kick-started his company's virtual ...