Meta is preparing one of its most dramatic restructurings since it rebranded from Facebook, with plans to cut about 1,500 employees from its Reality Labs division while Mark Zuckerberg pours more ...

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 ...

Meta Platforms Inc. is reportedly planning to cut about 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing ...

Meta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies. The company reported a third-quarter loss for the business on Wednesday of $4.4 billion ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Meta laid off an undisclosed number of employees in Reality Labs, its hardware and virtual reality ...

The Meta company is one of the latest tech companies to report this week, and with it comes the latest numbers on losses from Reality Labs. For quite a while now, Facebook and Meta Reality Labs have ...

Facebook (META) has reported in with its quarterly earnings. Everyone knows what that means. That means it's time to once again check in on Facebook Reality Labs and how that arm of the social media ...

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales. The Reality Labs unit has now accumulated ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Meta's Reality Labs beat nearly all its sales and user targets for 2024, Business Insider has learned.