With Meta (formerly known as Facebook) reporting on its Q4 2025 earnings results for the quarter, we also got a look at what the company spent in various divisions throughout the year and how the ...
As Meta continues to shift its business model away from developing the metaverse and toward building an artificial intelligence platform, the company confirmed plans to lay off hundreds of employees ...
Meta Platforms' (NASDAQ: META) latest earnings report made one thing abundantly clear: the firm’s advertising business is by far its most important growth driver. That business is operating at a pace ...
With Facebook (otherwise known as Meta) posting its Q3 2025 earnings results, so too did it post its various costs and losses, and you’d best believe Meta Reality Labs was once again among the latter.
The first Big Tech layoffs of 2026 have happened. This week, Facebook owner Meta Platforms informed employees that up to 1,500 positions in its Reality Labs division would be eliminated. Here’s what ...
Meta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies. The company reported a third-quarter loss for the business on Wednesday of $4.4 billion ...
Meta is laying off of 1,500 workers in its Reality Labs division as it moves its focus from the metaverse to smart glasses with AI. Even though it lost billions on VR, the success of its Ray-Ban ...
Meta plans to slash around 10% of its Reality Labs business, according to The New York Times, its latest round of layoffs that will reduce the number of employees developing its virtual reality ...
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the VR industry. "The market has spoken," said Jitesh Ubrani, an analyst for ...