Reality Labs

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg once shared his bold vision, indicating that virtual and augmented reality would one day replace mobile phones as the dominant computing platform. Now, nearly a decade later, how close is Meta to achieving that future? What Happened: In a 2015...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) recently made cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments in the once-hyped sector.  The Details: Alibaba has laid off dozens of employees in its metaverse...

Meta Platforms Inc.'s (NASDAQ:META) third-quarter earnings show a $4.4 billion loss for its augmented and virtual reality division, Reality Labs, marking the third consecutive quarterly loss for the segment this year. Previous quarters in 2024 had losses of $3.8 billion and $4.5 billion,...

Meta Platforms, Inc. (NASDAQ:META) reported its third-quarter results after Wednesday's closing bell, beating analysts' expectations on the top and bottom lines while indicating higher capital spend to come. Analyst reactions are pouring in.  The Meta Analysts: Bank of America Securities analyst...

The recent Meta Connect 2024 event, which highlighted a mix of new products and technology advancements from Meta Platforms (NASDAQ:META), may prove to be justification that the company's bets on the metaverse will soon pay off. What Happened: At the 2024 Meta Connect, Meta CEO Mark Zuckerberg...

Meta Platforms Inc. (NASDAQ:META) continues to excite investors and tech enthusiasts with its AI and AR advancements. The company's latest Meta Connect event highlighted innovations in its AI assistant, AR glasses, and more affordable mixed-reality headsets, signaling Meta's ambition to shape the...

Meta Platforms Inc (NASDAQ:META) reported its first-quarter 2024 earnings, revealing a revenue of $36.45 billion, which surpassed analyst estimates. Despite this positive revenue performance, Meta Platforms’ shares declined by 15% in after-market trading due to lower-than-expected revenue in...

Meta Platforms Inc. (NASDAQ:META) is reportedly set to reveal its first true augmented reality or AR glasses, codenamed Orion, at its annual Connect developer event this fall. What Happened: The AR glasses, a product of Meta’s Reality Labs division, have been developing for several years....

Following a $3.7 billion operating loss primarily linked to decreased Quest 2 sales, Meta Platforms Inc.’s (NASDAQ:META) Reality Labs has reportedly cut its shipment forecast for Quest 3 by 5-10%.  What Happened: On Friday, Ming-Chi Kuo, an analyst at TF International Securities, said that...

Meta Platforms Inc.’s (NASDAQ:META) Reality Labs has reported a $3.7 billion operating loss in its latest financial report, primarily attributed to decreased Quest 2 sales, shedding light on the financial challenges faced by Mark Zuckerberg’s ...

Meta Platforms Inc. (NASDAQ:META), led by Mark Zuckerberg, has reportedly been preparing to lay off employees in its metaverse-oriented silicon unit, Reality Labs, with the announcement expected on Wednesday. What Happened: On Tuesday, employees at Meta’s Reality...

Elon Musk, the tech billionaire known for his eccentric remarks and leading ventures like Tesla and SpaceX, has once again targeted his tech counterpart, Mark Zuckerberg. This time, it’s about Meta Platforms Inc.’s (NASDAQ:META) reported $36 billion...

Technology company Meta Platforms (NASDAQ: META) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Meta Platforms reported second quarter revenue of $32 billion, which was up 11% year-over-year. The revenue total came...

Meta Platforms Inc (NASDAQ: META) Reality Labs division, the business and research unit that produces virtual reality, augmented reality hardware and software, is poised to receive greater focus and resources for its gaming-related projects. This is happening as the company undergoes a...

A South American country held a court hearing inside the metaverse, which could show a use case for the virtual world. What Happened: In 2021, cities and countries expanded their presence in the metaverse with embassies and virtual worlds. Fast forward to 2023 and the metaverse lost some...