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The Latest Breaking News from Reality Labs

Mark Zuckerberg's $46.5 billion loss on the metaverse is so huge it would be a Fortune 100 company—but his net worth is up even more than that

Metaverse losses since 2019 are greater than the annual revenue of companies such as Best Buy, but Zuckerberg is worth $59 billion more than he was in January.

Meta Q3 Earnings Preview: 7 Things To Watch in Wednesday's Report

Meta Q3 Earnings Preview: 7 Things To Watch in Wednesday's Report

Meta Platforms will release its Q3 earnings this week. Here's a preview of Wall Street's earnings expectations, plus the 7 things that investors should watch for in the report.

Why Meta Platforms Stock Still Looks Undervalued After Doubling in 2023

Why Meta Platforms Stock Still Looks Undervalued After Doubling in 2023

Meta Platforms stock has held up well amid the market sell-off. I believe the stock is still somewhat undervalued, and looks like a good buy at these prices.

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Meta’s Realistic Avatars Could Allow Communication With Deceased Loved Ones

Meta CEO Mark Zuckerberg discusses potential uses and concerns surrounding the new avatar technology.

Meta's Push Into Artificial Intelligence Powers A Turnaround Story

On the strength of an improving advertising business and cost-cutting measures, Meta stock has surged nearly 150% thus far in 2023.

Investors Business Daily

Meta has two award-winning VR headsets you'll never get to try

Meta's Flamera and Butterscotch Varifocal VR headsets are award-winning but you'll never get own them.

New Reality Labs prototypes show off a possible future for Quest hardware

Meta's new tech demos make you look like a robot or insect, and they're not ready for consumers, but they're the future of VR or mixed reality.

Android Central

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Mark Zuckerberg’s Metaverse meltdown: Meta’s Reality Labs has lost $21 billion in roughly 18 months

Mark Zuckerberg’s Metaverse meltdown: Meta’s Reality Labs has lost $21 billion in roughly 18 months

Zuckerberg isn’t taking his foot off the gas, though.

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

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

Until the Meta Quest 3 arrives, Reality Labs is only going to continue to hemmorage money. But the company's ad revenue is growing so strongly that it may not matter.

Android Central

Reality Labs posts a 2-year low in revenue, but Meta shares jump on revenue beat

Reality Labs posts a 2-year low in revenue, but Meta shares jump on revenue beat

The company exceeded expectations on revenue, reporting a quarterly figure of about $32 billion.

These are the best simple logos, as picked by the pros

These are the best simple logos, as picked by the pros

Here are the most effective simple logos ever created, nominated by experts across the design industry.

Meta just laid off a bunch of employees right before its big VR showcase

Meta just laid off a bunch of employees right before its big VR showcase

The final wave of planned Meta layoffs has displaced an estimated 5,000 employees from the company just a week before Meta's big VR gaming showcase is to take place.

Android Central

Just thinking about using my Meta Quest Pro in a car makes me want to hurl

Just thinking about using my Meta Quest Pro in a car makes me want to hurl

Meta's Reality Labs and BMW have teamed up to bring VR to your car, and I don't know if I love or hate it.

Will Shares of Meta Platforms Continue to Soar?

Will Shares of Meta Platforms Continue to Soar?

Explore the potential growth of Meta stock and learn what factors could drive its value higher in the ever-evolving world of tech and social media.

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7 things you could buy with the $30B Meta has lost to VR and AR research

Is Twitter discounted yet?

This Week in the Metaverse: Zuckerberg tries to reconcile A.I. with the billions he’s already sunk into the metaverse

Meta’s metaverse division, Reality Labs, lost nearly $4 billion in the first quarter—a billion dollars more than it lost in the same period last year.

Meta Platforms’ VR Workers Making An Unusual Salary Reported By The Washington Post

The Facebook parent company has been hiring the best quality of talent to stay ahead of its competition in the metaverse.

Meta confirms Oculus Quest 3 will be affordable, but its VR business is on thin ice

The Oculus Quest 3 will be available at an "accessible" price according to Mark Zuckerberg, but how much longer can its VR losses continue?

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Meta promises next-gen Quest VR headset coming at price 'accessible for lots of people'

But Reality Labs is costing Meta over one billion dollars a month and expected to increase more as the year progresses.

Android Central

Meta's 'Year of Efficiency' is already starting to pay off

Meta reported its Q1 2023 financial earnings for the January-March period. The company saw more than $28 billion in revenue, following major layoffs and restructuring.

Meta employee accuses Mark Zuckerberg of shattering the 'morale and confidence in leadership of many high performers'

Meta’s first set of layoffs came in November 2022. After this week’s cuts, employees took to internal channels to point out the impact on morale.

Android Central

Meta finally realizes the Quest is for gaming, not for the Metaverse

Meta might be laying off more people across the company but its gaming divisions are said to be safe from the turmoil.

Three of Meta’s top execs—including Mark Zuckerberg—are now spending most of their time on A.I.

The company behind Facebook and Instagram has no plans to sign the proposal to temporarily ban the development of advanced A.I., the Reality Labs chief confirmed.

Tech companies have been pouring billions into VR tech that teens don't really care about

Only 4% of teens use VR devices daily, according to a new survey, but companies like Facebook parent Meta continue to pump money into the tech.

Mark Zuckerberg and Wall Street are finally meeting in the middle on the metaverse

The Meta chief executive satisfied investors Wednesday by pledging to trim costs, but he’s still all-in on Reality Labs.

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