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In its Q2 2025 earnings report, Facebook reported that Reality Labs lost $4.5 billion during the quarter. This is compared to ...
Facebook (META) Reality Labs lost $17.7 billion in 2024 The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone. TJ Denzer January 29, 2025 2:30 PM Image via Getty Images ...
Meta laid off employees in Reality Labs amid restructuring efforts in hardware and VR. The layoffs affected Oculus Studios and Supernatural, Meta's VR gaming and fitness apps. Meta's Reality Labs ...
Meta Platforms Inc. is laying off more than 100 people across its Reality Labs division focused on creating virtual reality and wearable devices, according to a person familiar with the matter.
Meta's Reality Labs division is still bleeding billions of dollars a quarter. Reality Labs reported a loss of $4.48 billion in its second quarter earnings, while its revenue was only $353 million.
Meta's Reality Labs COO Dan Reed steps down after 11 years amid restructuring. The division faces pressure over $60 billion in losses since 2020.
Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse. Meta’s ...
Meta, on Thursday (April 24), laid off an unknown number of employees from its Reality Labs division, which includes employees working in Oculus studios, who are responsible for creating mixed ...
Meta's Reality Labs division logged an operating loss of $4.97 billion while scoring $1.1 billion in sales during the fourth quarter, the company said in January.
Meta is set to test all-time highs with upside from Reality Labs, store expansion, and VR content deals. Check out why META stock is a strong buy.
Reality Labs, the company’s VR division, posted $4.2 billion in operating loss and just $412 million in sales in Q1, down from the previous quarter.
Alex Heath is a deputy editor and author of the Command Line newsletter. Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.