Get all your news in one place.
100's of premium titles.
One app.
Start reading
Android Central
Android Central
Technology
Michael L Hicks

Meta's pivot to AI and Threads is paying off, but Quest 2 profits are sagging

Meta Threads Mark Zuckerberg Reality Labs Facebook
The cover screen for the Instagram Threads social app on a Motorola Edge+ (2023)

What you need to know

  • Meta reported an 11% increase in revenue and 29% operating margin on Wednesday, leading to a significant stock boost.
  • CEO Mark Zuckerberg focused on how AI-based recommendations are driving higher ad revenue and retention on Reels.
  • Reality Labs' profits are down and expenditures are up, but Zuckerberg promised that the upcoming Meta Quest 3 headset will improve matters. 
  • He discussed how Threads was an unexpected success, and that the company will focus on growing its user base before attempting to monetize it. 
Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Kelly Clarkson Blasts Brooklyn Store After Employee Allegedly Assumes She Can’t Afford Their Products: ‘You’re An Idiot’
Kelly Clarkson shared an alleged unpleasant shopping experience at a Brooklyn store, prompting fans to react and sparking backlash against the business.
Bored Panda
Bored Panda
Walmart shopper buys a Frigidaire ice maker and heads home. Then she opens the box and realizes she brought home a roach motel: ‘Want my money back’
What Should You Do If You Find Cockroaches in a Boxed Appliance You Just Bought?
We Got This Covered
We Got This Covered
Massachusetts man delivers tanks to a basement. Then he turns a corner and finds a life-size lion figure: ‘Everything cool, everything normal’
"Why is it so realistic?"
We Got This Covered
We Got This Covered
Woman says a man offered to buy her and her friends drinks at a bar. He shut it down after hearing what they wanted: ‘Never mind’
Their pick had him reverse course
We Got This Covered
We Got This Covered
What Is Jaleel White Worth Decades After Playing Steve Urkel?
For millions of television viewers, Jaleel White will always be Steve Urkel, the suspender-wearing neighbor who became a cultural phenomenon on “Family Matters.” But nearly three decades after the sitcom ended, White has built a career extending far beyond his unforgettable character.
Budget and the Bees
Budget and the Bees
Physicians’ group calls for ban on raw milk – as it’s becoming increasingly popular in the US
As raw milk industry experiences record growth, experts say it might contain pathogens that can sicken people
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play