2022-11-8 06:20 |
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
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Meta's Reality Labs division lost $3.672 billion in the third quarter. Some shareholders aren't happy with the company's oversized investment in metaverse technology.
2022-10-29 22:15 | |
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Meta’s problems continue as it records a $3. 67 billion loss in the third quarter of 2022. Mark Zuckerberg remains optimistic about the prospects of the company, saying it has a “strong impact on the future”.
2022-10-28 21:50 | |
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Meta (formerly Facebook) officially declared its entry into the metaverse space last year with the Reality Labs division. Its announcement had understandably triggered the popularity of metaverse projects and their tokens during this time, as a lot went on to rally to billions of dollars in market cap.
2022-10-28 20:00 | |
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No one said the shift to web3 would be easy. That’s certainly the sentiment at Meta, which saw drops in sales and profits in their quarterly earnings announcement this week. Reality Labs, the tech-driven division of the company that is focused on VR and AR hardware and software and other metaverse-related verticals, posted a loss […]
2022-10-27 08:27 | |
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Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
2022-10-27 23:21 | |
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Mark Zuckerberg's company, which posted a sharp loss in its Metaverse division in Q2, unveiled its digital asset expansion strategy on May 10, 2022.
2022-8-5 20:15 | |
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Meta co-founder Mark Zuckerberg has expressed his confidence and defended the company’s metaverse investments despite the division recording a whopping $2. 8 billion in operating losses in the second quarter earnings reported in yesterday’s earnings conference.
2022-7-30 23:19 | |
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Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.
2022-7-28 23:18 | |
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New reports claim that Meta is planning cutbacks for its Reality Labs division. The cutback will not involve layoffs, and instead, aim to halt some projects and delay others. The post Meta Planning Cutbacks for Metaverse Department Reality Labs appeared first on BeInCrypto.
2022-5-13 10:30 | |
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The company formerly known as Facebook also reported revenue of $695 million the quarter for the recently broken out division.
2022-4-28 23:32 | |
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Another one bites the dust. David Marcus stepped down as the head of Novi, Meta/ Facebook’s fintech division. The company’s first order of business was to create a cryptocurrency, but regulators around the world were not keen on the idea.
2021-12-2 06:35 | |
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The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by "electrical issues" at another site.
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by "electrical issues" at another site.