Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions ...

In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit recorded an operating loss of $4.2 billion ...

The numbers for Facebook Reality Labs, as well as the rest of Meta's quarterly earnings, were revealed through the Meta Q1 ...

They say they're worried how the company's messaging will affect their futures.

Meta reported a $4.2 billion operating loss in its Reality Labs unit for the first quarter, continuing its ...

Meta Platforms’ Reality Labs division recorded an operating loss of $4.2 billion in Q1 while bringing in $412 million in ...

Meta Platforms reported $41.4B in Q1 ad revenue, up 16% YoY, driven by stronger pricing and increased impressions. Click to ...

Valley Elementary School students can keep up with rapidly changing technology at a new Innovation Lab unveiled on April 24 ...

Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter. Meta's ...

Meta is going to be under pressure to cut costs in a slower digital ad environment, to adjust to the new economic reality. Jefferies analyst Brent Thill believes that Meta could make further cuts in ...

Even with its aggressive capex spending and ongoing support of the unprofitable Reality Labs division, Meta can still afford ...