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Meta reported that it lost $4.65 billion in the fourth quarter in its metaverse-focused Reality Labs division. Whatever you think of that loss, it means that Meta’s metaverse division is still ...

Despite Meta's successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose billions of dollars a quarter developing the still nascent metaverse. Meta ...

Meta Platforms (NASDAQ: META) has diversified its business over the years. No longer is it just a social media company; it's expanded into artificial intelligence (AI) and of course, the metaverse, ...

In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...

Meta (formerly Facebook) has posted its earnings results for the most recent fiscal quarter, and Q1 2024 was mostly good news for the company’s finances. However, it wasn’t all good news. As is often ...

Meta Platforms (NASDAQ: META) stock pulled back after its earnings report Wednesday night. The stock was trading down 3% after hours, even as the social media giant edged past estimates on the top and ...

While Facebook (META) reported beats on its revenue and EPS expectations for Q4 2023, the social media juggernaut continues to lose money on Facebook Reality Labs and doesn’t expect that trend to ...

Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media giant reported fourth-quarter ...

Meta is continuing to sink billions of dollars a quarter into the metaverse. Stream NBC 5 for free, 24/7, wherever you are. In its first-quarter earnings report on Wednesday, Meta said its Reality ...

Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. Stream Los Angeles News for free, 24/7, wherever you are. The social media company reported its ...