Reality Labs – BitlyFool.com

November 3, 2024

Alibaba reportedly cuts dozens from metaverse unit

The Chinese e-commerce giant has become the latest to slash resources… More...

August 17, 2024

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

Nicholas joins Meta as an executive mixed reality producer for entertainment… More...

August 1, 2024

Meta burns another $4.5B on metaverse in Q2, preps for AI growth

Meta’s share price popped 7% in after-hours trading following a better-than-expected… More...

April 25, 2024

Meta’s Reality Labs Reports $3.85B Loss in Q1 2024, META Stock Tumbles 19%

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Meta’s Reality Labs Reports $3.85B Loss in Q1 … More...

April 24, 2024

Meta drops 15% on weak outlook and high AI and metaverse spending

Meta shares dipped after a disappointing Q2 revenue outlook and plans… More...

February 2, 2024

AI Tokens Rise Following News of Meta Platform’s Positive Quarterly and Full-Year Figures

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AI Tokens Rise Following News of Meta Platform’s… More...

February 2, 2024

Meta’s Reality Labs Reports $1B Revenue and $4.65B Losses in Q4 of 2023

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Meta’s Reality Labs Reports $1B Revenue and $4.65B… More...

February 2, 2024

Meta’s metaverse developer reports all-time high net loss in Q4, 2023

Reality Labs, Meta’s subsidiary focused on developing the… More...

February 2, 2024

Meta’s Reality Labs reports significant quarterly loss despite strong revenue

Meta, the parent company of Facebook, reported its fourth-quarter… More...

February 2, 2024

Meta’s Reality Labs sets quarterly revenue record but also lost over $4B

During a recent earnings call, Meta chief financial officer Susan… More...

September 2, 2023

Meta’s Metaverse Is Finding Its Legs — In Avatars

Meta’s Horizon Worlds, the metaverse flagship app of the company… More...

July 27, 2023

Meta in Q2 2023: Reality Labs Loses Billions of Dollars while Building Metaverse

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Meta in Q2 2023: Reality Labs Loses Billions of Dollars… More...

July 26, 2023

Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meanwhile, Meta's metaverse-building business has racked up around… More...

April 26, 2023

Metaverse division’s $4B loss drags on positive first quarter for Meta

Zuckerberg expects Reality Labs operating losses to increase year-over-year… More...

February 4, 2023

Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division

Meta, the company that owns Facebook, Instagram, and Whatsapp, has… More...

February 1, 2023

Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

During a Q4 earnings call on Feb. 1, Mark Zuckerberg said he saw no reason… More...

December 20, 2022

Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs

Meta will continue to invest in VR (virtual reality) tech in 2023, … More...

December 1, 2022

Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Billions of dollars have been poured into Meta’s virtual world with… More...

November 9, 2022

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’

Meta, the social network company, has announced that it will cut 11,000… More...

November 6, 2022

Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?

As of the end of September, Meta had more than 87,000 employees — a large… More...

October 26, 2022

Metaverse losses top $3.6B for Meta with spending set to increase

The tech giant is just over $500 million away from topping its more … More...

September 6, 2022

Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project

Meta, the metaverse-focused social media company, is helping universities… More...

August 22, 2022

Mark Zuckerberg to Overhaul Meta’s Metaverse App Horizon Worlds After Criticism of Its Simple Graphics

Meta CEO Mark Zuckerberg has decided to overhaul the company’s… More...

August 5, 2022

Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives

Meta, the social media company, is planning to issue its first set … More...

July 28, 2022

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

Meta, the social media company, has reported that its metaverse division,… More...

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