Meta's Reality Labs COO Dan Reed steps down after 11 years amid restructuring. The division faces pressure over $60 billion ...

Meta's Reality Labs faced layoffs and $4.2 billion in losses, raising questions about the future of its metaverse ambitions ...

In its first-quarter earnings report on Wednesday, Meta said its Reality Labs unit recorded an operating loss of $4.2 billion ...

The company has hit cumulative losses of more than $60 billion for Reality Labs since late 2020, and now thanks to artificial intelligence, the company's capex is expected to double from 2023 to 2025.

The numbers for Facebook Reality Labs, as well as the rest of Meta's quarterly earnings, were revealed through the Meta Q1 ...

Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing ...

Social media company Meta (META) is cutting jobs in Reality Labs, the division behind its Quest headsets and Metaverse push. The layoffs are ...

Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.

Meta reported a $4.2 billion operating loss in its Reality Labs unit for the first quarter, continuing its ...

Meta Platforms Inc. is cutting jobs at its Reality Labs unit, which makes the company’s Quest mixed reality headsets and the software that powers them.

Meta reported first-quarter earnings after the close of trading on Wednesday. The company delivered a beat while boosting its ...

In its latest quarter results, Meta’s Reality Labs division posted another steep loss, highlighting ongoing challenges. Despite CEO Mark Zuckerberg’s long-term vision and multibillion-dollar ...