02-22-2025 
Reality Labs
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
Viewing 1-6 out of 6 articles
Recent
Trending
Most Views
-
22 Feb 2025
This Week in AI: HP acquires Humane; xAI unveils Grok 3
-
21 Feb 2025
Bitcoin retrospective and focus on the internet’s future
-
20 Feb 2025
Digital asset payments to surge 82% by 2026: report
-
20 Feb 2025
What is Elon Musk’s DOGE?
-
31 Aug 2024
Sony incubator to boost Web3 adoption
-
18 Apr 2022
China’s banking regulators issue warning against NFTs
-
30 Sep 2024
Is BRICS’ new gold-backed currency imminent?
-
10 Oct 2024
I watched ‘Money Electric’ so you don’t have to
-
26 Aug 2024
Is BRICS about to announce a gold-backed currency?
-
22 Oct 2024
It looks like there won’t be a BRICS currency yet
