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The Latest Breaking News from Reality Labs

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

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

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.

Android Central

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

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?

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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…

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.

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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.

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

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 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

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

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.

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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.

Android Central

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.

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?

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?

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.

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