Forrester Research analyst Mike Proulx said in an email that he sees Meta's Reality Labs business as a "leaky bucket," as its losses continue to grow, while revenue declined in the quarter. Meta's ...

Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media giant reported fourth-quarter ...

Meta, which operates social media platforms Instagram and Facebook, raised eyebrows earlier this year when it warned ...

Meta is continuing to sink billions of dollars a quarter into the metaverse. In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit recorded an operating loss of $4.2 ...

Meta Platforms (NASDAQ: META) has diversified its business over the years. No longer is it just a social media company; it's expanded into artificial intelligence (AI) and of course, the metaverse, ...

Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. Stream NBC 5 for free, 24/7, wherever you are.

Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. Stream Los Angeles News for free, 24/7, wherever you are. The social media company reported its ...

Meta is continuing to sink billions of dollars a quarter into the metaverse. Stream Los Angeles News for free, 24/7, wherever you are. In its first-quarter earnings report on Wednesday, Meta said its ...