Meta's virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.
Author: Jonathan Vanian
Roblox CEO David Baszucki told remote employees that they'll have to start coming to the office Tuesdays through Thursdays.
Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion.
Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion.
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.
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 CEO Mark Zuckerberg keeps pumping money into the metaverse.