Mark Zuckerberg

Meta lost $3.7B on Reality Labs, but Zuckerberg still committed to metaverse bet
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3 August, 2023

Meta lost $3.7B on Reality Labs, but Zuckerberg still committed to metaverse bet

With $4 billion in expenses and only $276 million in revenue, Reality Labs continues to be a money pit for...
Meta chasing rivals Google, Open AI with commercial AI launch: report
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18 July, 2023

Meta chasing rivals Google, Open AI with commercial AI launch: report

The commercial rollout of Meta's large language model, LLaMa, will be customizable for enterprises and allow developers to create their...
Is Meta raising money for AI development?
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3 May, 2023

Is Meta raising money for AI development?

As Meta CEO Mark Zuckerberg chases the Metaverse dream, he seemed to miss the wave of consumer-facing AI-powered programs being...
Meta to lay off 10,000 workers as metaverse ambition wanes
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17 March, 2023

Meta to lay off 10,000 workers as metaverse ambition wanes

Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly...
Meta gives up on NFTs
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15 March, 2023

Meta gives up on NFTs

After debuting NFTs on Facebook and Instagram in 2022, Meta is winding down the project, which hasn’t taken off amid...
Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more
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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...
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