11-15-2024 
Reality Labs
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26 July, 2024
Meta reins in metaverse ambitions, cuts budget by 20%
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division...
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9 July, 2024
Meta combining AI with metaverse to create ‘experiences not even possible today’
Meta has advertised a new role whose responsibilities include fusing generative AI with the metaverse, and it’s willing to pay...
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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...
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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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29 July, 2022
Meta’s profit slides due to big bet on proprietary metaverse
Meta, formerly Facebook, reported its first ever revenue decline in Q2, while profits tumbled by more than one-third as its...
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2 May, 2022
Facebook’s Reality Labs lost $3B in Q1, but Zuckerberg says metaverse is the future
Reality Labs, Meta’s metaverse and AR division, has been recording rising losses since 2019, burning as much as $10 billion...
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