Meta CTO Andrew Bosworth is holding a meeting he called the "most important" of the year.Managers are urging staff to attend ...

Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...

Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...

In just over four years, Meta (META)’s Reality Labs division — focused mainly on its products in augmented reality (AR), virtual reality (VR), and the metaverse — has lost as much money as the market ...

Despite Meta's successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose billions of dollars a quarter developing the still nascent metaverse. Meta ...

Meta (formerly Facebook) has posted its earnings results for the most recent fiscal quarter, and Q1 2024 was mostly good news for the company’s finances. However, it wasn’t all good news. As is often ...

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...

Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. Meta said Reality Labs' revenue ...

In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...