Meta's chief technology officer, Andrew Bosworth, told employees in an internal post that the company was seeing "massive ...

Apple halts AR glasses, prioritizing Vision Pro. Amazon upgrades Alexa with AI. Meta’s MR struggles despite smart glasses ...

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

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 has published its earnings report for the three months ending December 31 2024, and despite $1.08 billion in ...

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 ...

To date, Meta has spent a whopping $69 billion on Reality Lab since Q4 2020, but it has only brought in $9.19 billion in the same period. While the numbers are staggering, Zuckerberg continues to ...

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 ...