Meta’s Reality Labs posts $4.5 billion loss in second quarter Post author By Jonathan Vanian Post date July 31, 2024 Meta's virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.
Roblox tells employees they have to come to office three days a week or take severance package Post author By Jonathan Vanian Post date October 17, 2023 Roblox CEO David Baszucki told remote employees that they'll have to start coming to the office Tuesdays through Thursdays.
Meta’s Reality Labs has now lost more than $21 billion Post author By Jonathan Vanian Post date July 26, 2023 Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion.
Meta’s Reality Labs has now lost more than $21 billion Post author By Jonathan Vanian Post date July 26, 2023 Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion.
Meta’s heated rivalry with Apple enters new phase as the tech giants go after headsets Post author By Jonathan Vanian Post date June 5, 2023 Less than two years after Facebook changed its name to Meta in a pivot to the metaverse, Apple is now jumping into mixed-reality headsets.
Zuckerberg unveils Meta’s newest VR headset days before Apple reveals its own Post author By Jonathan Vanian Post date June 1, 2023 The Meta Quest 3 is the successor to the Quest 2 headset that was released in the fall of 2020 at a starting price of $299.
Meta’s Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse Post author By Jonathan Vanian Post date April 26, 2023 Meta CEO Mark Zuckerberg keeps pumping money into the metaverse.