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The Latest Breaking News from Reality Labs

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

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.

Android Central

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

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

Meta acquired the studio in 2020.

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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.

Android Central

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.

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.

Android Central

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

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.

Should Meta Platforms Investors Be Worried About Higher AI Spending?

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.

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

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.

Meta Q1 2024 earnings highlight AI focus amid strong Quest sales

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.

Android Central

Meta’s massive OS announcement is more exciting than a Meta Quest 4 reveal, and VR will never be the same again

Meta’s massive OS announcement is more exciting than a Meta Quest 4 reveal, and VR will never be the same again

The surprise Meta Horizon OS announcement sets it up as VR’s Windows – and that’s both a great and terrible thing.

Meta Q4 2023 earnings report shows record-breaking Quest 3 sales, ad profits

Meta Q4 2023 earnings report shows record-breaking Quest 3 sales, ad profits

Meta is still losing billions every quarter on Reality Labs and AI investments, but its ad revenue was so absurdly high that it still made more money than ever.

Android Central

Meta revenue soars as it pivots to AI and announces dividends for investors

Meta revenue soars as it pivots to AI and announces dividends for investors

Cash flow beat investor expectations and shares rose as the tech giant authorized a $50bn share buyback program

The Guardian - US

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Android Central

Meta said to be shifting from AR to VR, doubles down on Ray-Ban partnership

Now that the Apple Vision Pro is giving Meta its first big challenge in years, the company has shifted development away from AR glasses and toward VR headsets.

What Mark Zuckerberg's Massive Meta Stock Dump Means for Investors

Meta Platforms stock has more than doubled in 2023, allowing investors to generate outsized gains this year. But is META stock a good buy at the current valuation?

Here's Why Meta Platforms Is the Top AI Stock to Watch Right Now

The Magnificent Seven stocks have been driving the market higher this year, thanks to investor optimism over massive artificial intelligence growth. While all of these stocks have made significant strides with AI, Meta shares might be the best of the group - here's why.

Analyzing 3 Highly-Rated Tech Stocks: GOOGL, META and PINS

Growing investments in digitization and the adoption of emerging technologies like generative AI will likely boost the long-term prospects of the tech industry. Therefore, it could be wise to buy fundamentally strong tech stocks Pinterest, Inc. (PINS), Alphabet Inc. (GOOGL), and Meta Platforms, Inc. (META). These stocks are rated A…

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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 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

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.

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 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.

Android Central

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.

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.

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