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The Latest Breaking News from Reality Labs

Meta Shows Strong Growth As AI Spending Surges

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors.

International Business Times

Meta had a good quarter, Zuckerberg teases Llama 4

Meta reports its Q3 2024 earnings, with revenue increases across its businesses and wider losses for Reality Labs.

Android Central

Meta CEO Mark Zuckerberg speaks about Facebook strategy, past and future

"We're not a social network company, we're a human connection company," the celebrated founder recently said.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Meta Stock Rising Ahead Of Q3 Earnings. Investors Watching AI Spending, Ad Strength.

Meta stock has rocketed up more than 500% from its late 2022 nadir but faces a test of its strength Wednesday with q3 due.

Investors Business Daily

Meta Q3 Earnings Preview: Can Zuckerberg Pull Off a Rockstar Performance Like Elon's?

Meta Platforms will release its Q3 earnings later this week. Can the company's CEO pull off the same kind of rockstar performance that Tesla CEO Elon Musk delivered during the company's earnings call last week?

Barchart

Meta layoffs strike employees across the board to 'better align' with its goals

A report surfaced, stating Meta has hit several of its teams with another wave of layoffs late in 2024.

Android Central

Zuckerberg Bets Big On AI Smart Glasses. But Can Meta Outfox Apple And Google?

Meta stock investors don't love the huge metaverse losses but Zuckerberg believes the firm can deliver tech's next platform.

Investors Business Daily

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Meta's quest for 'efficiency' sparks new wave of layoffs

For at least the third time this year, Meta laid off several dozen workers.

Fortune

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

The Independent UK

Meta Lays Off Employees At WhatsApp, Instagram And Reality Labs

Meta spokesperson Dave Arnold said some teams were making changes to align with the company's long-term strategic goals and location strategy.

International Business Times

HoloLens 2 cancellation could mean we'll finally see the Meta and Xbox VR headset, and I'm excited

Microsoft HoloLens 2 might be on its way out, but I'm excited that it means we might finally see the Meta and Xbox VR headset.

TechRadar

Veteran fund manager revamps Facebook parent stock price target after conference

Meta Platforms' latest announcements prompt a review by a longtime asset manager.

The Street

Meta Tests Top Of Buy Range With Analysts Bullish On AI, Metaverse Products

Meta stock analysts were largely positive about the AI and metaverse related products Mark Zuckerberg revealed at Connect.

Investors Business Daily

Is Outperforming Meta Platforms Stock Still a Good Buy Right Now?

Meta Platforms stock continues to soar, outpacing the S&P 500 with a staggering 77% surge over the past year. But after such a substantial rise in its stock price, can Meta keep up the momentum?

Barchart

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Android Central

Report suggests Quest Pro 2 has been canceled, but a Meta exec says that's not the whole story

A report claimed that Meta has stopped developing the Quest Pro 2, but the company's CTO Andrew Bosworth has more to say.

Android Central

News Weekly: Google is a monopoly, Meta closes a first-party VR studio, new Google hardware, and more

Google holds an illegal monopoly, according to a judge. Meta also closed a major first-party VR developer studio, Google launched new hardware devices, Garmin makes some useful changes to its store, and California may soon enable digital IDs on Google Wallet.

PC Gamer

Lone Echo developer Ready at Dawn has reportedly been closed by Meta

Meta acquired the studio in 2020.

Android Central

Exclusive: Meta is closing a beloved first-party Quest studio

Oculus Studios is shrinking a bit today as one major studio, Ready at Dawn, is closing its doors due to wider Reality Labs budget cuts.

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news in one place.

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PC Gamer

A decade after buying Oculus VR, Meta's Reality Labs' losses are spiralling out of control, with no end in sight

$10 billion loss in 2020, $16 billion loss in 2023—and it's only going to get worse, says Meta.

Android Central

Meta Q2 2024 earnings call highlights AI successes and a $50 billion problem

Here's everything we learned about Meta's AI plans, its Reality Labs losses, and more.

Android Central

The Meta Quest 4 is reportedly coming in 2026 with a big twist

The Meta Quest 4 may be coming sooner than you think, according to a new report from The Information.

Fortune

Mark Zuckerberg's metaverse adventure may finally be running out of cash

The Reality Labs division has reportedly been asked to axe 20% of its hardware spending.

Barchart

Should Meta Platforms Investors Be Worried About Higher AI Spending?

Investors sold Meta stock over concerns about a hike to its capex forecast, but at least one analyst says those worries are overblown.

PC Gamer

Meta spent $4.3 billion on its VR division in three months, and made *checks figures* $440 million in return

Math isn't my strong point, but those numbers make my teeth hurt.

Android Central

Meta Q1 2024 earnings highlight AI focus amid strong Quest sales

Meta released its Q1 2024 earnings on Wednesday, beating revenue expectations with increased ad spend and strong Quest sales.

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People

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