While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't ...

Nvidia may be center stage in the artificial intelligence (AI) revolution right now, but another "Magnificent Seven" stock ...

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 is laying off teams in its Reality Labs division as a part of its restructuring efforts. The Reality Labs division includes employees working in Oculus studios, Meta's gaming wing.

The metaverse seems to thrive today not as a generic duplicate of our world, but rather a purposeful industry solution ...

In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit recorded an operating loss of $4.2 billion in the period while bringing in $412 million in sales.

Now, even though Reality Labs accounts for 1% of total revenue [TTM], the employee compensation in this segment accounts for a whopping 24.7% of the total in 2024.

Recently, the Reality Labs division hit a milestone, which is more indicative of what kind of money pit it has become rather than terrific growth opportunity. Where to invest $1,000 right now?

Reality Labs has reported cumulative losses of more than $60 billion since late 2020, including a loss of $3.85 billion in the first quarter of last year. In late 2021, Zuckerberg changed the name ...